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GlobeNewswire (May 8, 2013)
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GlobeNewswire (May 8, 2013)
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GlobeNewswire (May 8, 2013)
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GlobeNewswire (Apr 26, 2013)
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Fifth Street Finance Q2 2010 Earnings Call TranscriptSat, May 8, 2010
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GlobeNewswire (May 8, 2013)
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GlobeNewswire (May 8, 2013)
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GlobeNewswire (May 8, 2013)
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GlobeNewswire (Apr 26, 2013)
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GlobeNewswire (Apr 16, 2013)
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GlobeNewswire (Apr 11, 2013)
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GlobeNewswire (Apr 10, 2013)
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GlobeNewswire (Mar 27, 2013)
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GlobeNewswire (Mar 25, 2013)
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GlobeNewswire (Mar 19, 2013)
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GlobeNewswire (Feb 6, 2013)
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GlobeNewswire (Jan 17, 2013)
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GlobeNewswire (Jan 15, 2013)
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GlobeNewswire (Jan 15, 2013)
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GlobeNewswire (Jan 8, 2013)
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GlobeNewswire (Jan 3, 2013)
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GlobeNewswire (Dec 4, 2012)
FSC vs. ETF Alternatives
Company Description
We are a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors. We define small and mid-sized companies as those with annual revenues between $25 million and $250 million. We are externally managed and... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 9, 6:54 AM Fifth Street Finance (FSC) declares dividend of $0.0958/share for the month of June, July, and Aug. Forward yield 10.41%. (PR) Comment! [Dividends]
- Wednesday, May 8, 6:19 PM Fifth Street Finance (FSC): FQ2 EPS of $0.28 in-line. Revenue of $54.7M beats by $0.65M. (PR) 6 Comments [Earnings, Breaking News, Financials]
- Wednesday, May 8, 8:05 AM Fifth Street Finance (FSC) agrees to purchase Healthcare Finance Group as a portfolio company, investing about $110M. HFG's outstanding loan portfolio is 57 loans with value of about $270M. For perspective, Fifth Street's current portfolio is about $1.6B. (PR) Comment! [Financials, M&A]
- Friday, April 26, 12:42 PM Fifth Street Finance (FSC) announces underwriters have partially exercised their option and purchased an additional 935K shares of stock (they could have bought 2.025M) in conjunction with their 13.5M secondary earlier this month. The current price is $10.92 vs. the offering price of $10.85. The total float rises to 120.6M shares. (PR) Comment! [Financials]
- Monday, April 22, 10:46 AM A selection of BDCs (HTGC, GBDC, NMFC, ARCC, FSC) are on the rise after a weekend Barron's article suggests high-yield fans (HYG, JNK) receiving around a 5% yield might consider a bit of "valuation arbitrage." BDCs yielding north of 8% loan money to non-IG companies, but their paper is better-protected than junk bonds. Rising recognition of this could narrow the gap, suggests Wells' Jonathan Bock. BIZD +1.2%. 4 Comments [Financials]
- Thursday, April 11, 12:22 PM Fifth Street Finance (FSC -3.5%) trades lower after pricing a public offering of 13.5M shares at a discount to Wednesday's close. The company will use the proceeds to repay debt but notes it will likely "re-borrow under its credit facilities to make investments." SA Pro contributor Daniel Moore warns that FSC may be reaching for yield causing the quality of its credit portfolio to decline and says "there is no visible sustainable rationale" for the shares to trade at a premium to NAV. Comment! [Financials, On the Move]
- Wednesday, March 27, 7:01 AM Fifth Street Finance (FSC) is initiated with a Buy rating at JPMorgan. Earlier in the week, the company locked in a low 2.351% rate on $32M of its outstanding debt. 1 Comment [Financials]
- Thursday, February 28, 11:21 AM Billed as a private equity ETF, the newly listed PEX owns no Blackstone, KKR, or Fortress. The top U.S. holdings - ARCC, ACAS, PSEC, AINV, FSC - will be well-known to fans of BDCs though. 9 Comments [Financials]
- Friday, February 15, 2:58 PM Fifth Street Finance (FSC -2.3%) takes a late-day tumble after being downgraded to Sell at Gilford Securities. 1 Comment [Financials, On the Move]
- Friday, February 8, 12:54 PM In 2013 Q1, BDCs might find themselves paying for a robust 2012 Q4 (when companies rushed to close deals ahead of tax hikes). "Our deal pipeline in Q1 is much slower than it was last quarter," said Golub Capital (GBDC) CEO David Golub on the earnings call (transcript). "It's not anemic ... but there's no question that we and others in the market are feeling the full-forward effect of last quarter." 6 Comments [Financials]
- Tuesday, January 15, 4:38 PM Fifth Street Finance Corp (FSC) declares dividend of $0.0958/share for the month of Mar., Apr., and May, in line with previous. Forward yield 10.82%. (PR) Comment! [Dividends]
- Tuesday, January 8, 7:23 AM Fifth Street Finance (FSC) gets two new lenders to join its bank credit facility, adding $35M to its credit limit, now up to $415M. (PR) 1 Comment [Financials]
- Wednesday, December 5, 2012, 5:22 PM Fifth Street Finance (FSC) director Leonard Tannenbaum takes advantage of a moderate tumble in the stock, picking up 10K shares yesterday at $10.43 each. The stock declined about 4% on Tuesday amidst a secondary offering. 1 Comment [Financials]
- Tuesday, December 4, 2012, 3:38 PM Fifth Street Finance (FSC -4%) hasn't been able to bounce off an early decline after it priced its 14M share secondary at $10.68/share. The immediate purpose of the cash will be to repay existing debt facilities, but the company expects to redraw them as necessary to make further investments. Reported net asset value on Sept. 30: $9.92. (PR) 3 Comments [Financials]
- Thursday, November 29, 2012, 10:04 AM More on Fifth Street Finance (FSC) FQ4 earnings: Net asset value/share of $9.92, up from $9.85 on June 30. Current price of $10.63 is a 7.2% premium. Net investment income of $0.27/share, down $0.01 from a year ago. Current rate of dividends - declared through Feb. 2013 - is $0.29/quarter. Weighted average yield on debt investments of 12.04% (including cash holdings of 11%), down 9 bps from Q2. (PR) 5 Comments [Financials, Earnings]
- Wednesday, November 28, 2012, 5:12 PM Fifth Street Finance (FSC): FQ4 EPS of $0.31 beats by $0.04. (PR) 2 Comments [Earnings, Financials]