Press coverage about Fifth Street Finance Corp. (NASDAQ:OCSL) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fifth Street Finance Corp. earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 46.5791316889384 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
OCSL has been the topic of several analyst reports. Maxim Group reaffirmed a “hold” rating on shares of Fifth Street Finance Corp. in a research report on Thursday, August 10th. TheStreet raised shares of Fifth Street Finance Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, September 6th. ValuEngine lowered Fifth Street Finance Corp. from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $6.00 price target on shares of Fifth Street Finance Corp. in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.88.
Shares of Fifth Street Finance Corp. (NASDAQ OCSL) opened at $5.47 on Wednesday. The company has a market cap of $765.42, a PE ratio of 8.90, a PEG ratio of 2.04 and a beta of 0.12. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.91. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.56.
In other news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $5.56, for a total value of $7,837,409.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $5.43, for a total transaction of $108,600.00. Following the completion of the sale, the chief executive officer now owns 35,968 shares in the company, valued at $195,306.24. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
About Fifth Street Finance Corp.
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.
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