Fifth Street Finance (NASDAQ:FSC) : Traders are bullish on Fifth Street Finance (NASDAQ:FSC) as it has outperformed the S&P 500 by a wide margin of 3.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.36% in the last 1 week, and is up 4.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -20.09% from its 1 Year high price. On Sep 24, 2015, the shares registered one year high at $6.77 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $4.95 and the 200 Day Moving Average price is recorded at $5.21.
The stock has recorded a 20-day Moving Average of 6.16% and the 50-Day Moving Average is 4.55%.
Fifth Street Finance (NASDAQ:FSC): stock turned positive on Friday. Though the stock opened at $5.15, the bulls momentum made the stock top out at $5.24 level for the day. The stock recorded a low of $5.13 and closed the trading day at $5.21, in the green by 1.17%. The total traded volume for the day was 939,128. The stock had closed at $5.15 in the previous days trading.
In an insider trading activity, Dunn Brian S, director of Fifth Street Finance Corp., executed a transaction worth $70,350 on February 22, 2016. A total of 15,000 shares were purchased at an average price of $4.69. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Companys investment objective is to maximize the Companys portfolios total return by generating income from its debt investments and capital appreciation from its equity investments. As of September 30, 2014, the Company consists of 124 investments, 104 of which were in operating companies, one of which was in a senior loan fund vehicle and 19 of which were in private equity funds. The 19 investments in private equity funds represented less than 1% of the fair value of the Companys assets at September 30, 2014. The Company is externally managed and advised by Fifth Street Management LLC.