Fifth Street Finance CEO Buys 30,000 Shares
Leonard Tannenbaum is the CEO of Fifth Street Finance, and has been since October 2007. He is also chairman of the board. Mr. Tannenbuam founded a number of private investment firms, including Fifth Street Finance. Before that, he worked as an equity analyst for Merill Lynch. He resigned from his position as president of Fifth Street Finance in early 2010 at a board of directors meeting.
Ruane Cunniff owns 198,000 shares as of 03/31/2011, which accounts for 0.03% of the $10.51 billion portfolio of Ruane & Cunniff & Goldfarb Inc. David Einhorn owns 2,125,992 shares as of 03/31/2011, which accounts for 0.55% of the $5.17 billion portfolio of Greenlight Capital Inc.
Co-Chief Investment Officer Chad S. Blakeman bought 1,000 shares of FSC stock on 06/14/2011 at the average price of $11.74. Chad S. Blakeman owns at least 1,000 shares after this. The price of the stock has decreased by 0.77% since. President, CCO & Secretary Bernard D. Berman bought 500 shares of FSC stock on 05/16/2011 at the average price of 12.32. Bernard D. Berman owns at least 13,968 shares after this. The price of the stock has decreased by 5.44% since.
Fifth Street Finance recently reported its first quarter 2011 results. These financial results are for the second fiscal quarter of 2011. Net investment income for the quarter ended March 31, 2011, was $16.6 million or $0.27 per share, as compared to $11.2 million or $0.26 per share for the quarter ended March 31, 2010. Net asset value per share was $10.68 as of March 31, 2011, as compared to $10.43 as of September 30, 2010.
"We were pleased to see a substantial increase in NAV during our second fiscal quarter, as well as the continued reduction of our basket of distressed investments which now represents under three percent of our total portfolio," stated CEO Leonard M. Tannenbaum.