MLV Maintains Hold On Fifth Street Finance Following Fiscal 4Q14 Results

In a research report sent to investors today, MLV analyst Christopher Nolan maintained a Hold rating on Fifth Street Finance Corp (NASDAQ:FSC), following the company’s fiscal fourth-quarter results, posting EPS of $0.25, below MLV and the Street consensus estimate of $0.26. No price target was provided.

Nolan commented, “In our view, investment asset growth trends and yields are distorted by the growth in FSC’s off balance sheet senior loan fund joint venture (SLF). This strategy has potential to materially boost overall investment yields for FSC and this quarter provided our first glimpse of that. Going forward we currently estimate the SLF can potentially add $0.12/share to annual EPS when it is fully deployed. This is consistent with our estimates, thus, we are maintaining our fiscal 2015 EPS estimate.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Nolan has a total average return of 4.1% and a 70.0% success rate. Nolan is ranked #1733 out of 3388 analysts.


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