Fifth Street Finance (FSC) : Traders are getting increasingly bearish on Fifth Street Finance (FSC), as can be seen in the addition of short positions from 1,270,616 on Jul 29, 2016, to 1,342,177 on August 15, 2016. The net change in shorts is 71,561 shares, an increase of 5.6%. 2 days remain before the expiry. The 1.1% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 888,434. The short interest information was released on Wednesday Aug 24th after the market close.
Fifth Street Finance (NASDAQ:FSC): The stock opened at $6.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.15 for the day. The stock traded down to $6.04 during the day, due to lack of any buying support eventually closed down at $6.07 with a loss of -0.16% for the day. The stock had closed at $6.08 on the previous day. The total traded volume was 938,125 shares.
In a related news, 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.