Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

FIFTH STREET FINANCE (FSC) CEO Leonard M Tannenbaum buys 20,000 Shares

December 16, 2009 | About:
insider

insider

41 followers
CEO & President of FIFTH STREET FINANCE (FSC) Leonard M Tannenbaum buys 20,000 shares of FSC on 12/15/2009 at an average price of $10.19 a share.

FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments. Fifth Street Finance has a market cap of $379.5 million; its shares were traded at around $10.23 with a P/E ratio of 7.9 and P/S ratio of 7.6. The dividend yield of Fifth Street Finance stocks is 10.5%.

FSC is in the portfolios of David Einhorn of Greenlight Capital Inc, Paul Tudor Jones of The Tudor Group.

This is the annual revenues and earnings per share of FSC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of FSC.


CEO Recent Trades:


  • Buy:: CEO & President Leonard M Tannenbaum bought 22,685 shares of FSC stock on 09/23/2009 at the average price of 10.55, the price of the stock has decreased by 3.03% since



This is the insider trade history vs. stock price of FSC. For the complete insider trading history of FSC, click here.




Directors and Officers Recent Trades:


  • Buy:: CCO, Exec. V.P.& Sec Bernard D Berman bought 1,000 shares of FSC stock on 08/19/2009 at the average price of 9.7, the price of the stock has increased by 5.46% since

  • Buy:: Director Brian S Dunn bought 1,000 shares of FSC stock on 08/19/2009 at the average price of 9.7, the price of the stock has increased by 5.46% since

  • Sell:: 10% Owner Life Insurance Co Genworth sold 1,000 shares of FSC stock on 11/06/2009 at the average price of 9.81, the price of the stock has increased by 4.28% since


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.