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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» FSD's 30-Y Financials

Financials


» Details

Guru Trades

FSD Guru Trades in

Q2 2015

FSD Guru Trades in Q2 2015

Third Avenue Management 829,943 sh (+1.98%)
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Q3 2015

FSD Guru Trades in Q3 2015

Third Avenue Management 841,294 sh (+1.37%)
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Q4 2015

FSD Guru Trades in Q4 2015

Third Avenue Management Sold Out
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» Details

Insider Trades

Latest Guru Trades with FSD

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Business Description

Industry: Asset Management » Asset Management    NAICS: 523920    SIC: 6282
Compare:TSX:GCG, XAMS:ECT, NZSE:FSF, LSE:EAT, XPAR:UFF, LSE:BIOG, ASX:BLA, NYSE:NXJ, LSE:CCPG, NYSE:WHG, LSE:PCTN, LSE:HFEL, LSE:BSIF, LSE:IEM, LSE:TFIF, LSE:FSFL, LSE:IVO, SZSE:000416, KAR:DAWH, ASX:DJW » details
Headquarter Location:USA
First Trust High Income Long/Short Fund is an asset management company. Its business objective is to provide a high income to its investors by investing primarily in high-yield corporate fixed-income securities.

First Trust High Income Long/Short Fund is a diversified closed-end management investment company based in the United States. The funds primary aim is to provide a high current income to its investors. Its secondary objective is capital appreciation. It seeks to achieve its objectives by investing predominantly in a diversified portfolio of the United States and foreign high-yield corporate fixed-income securities. Among its other securities are capital preferred securities, mortgage-backed and asset-backed securities. The Fund holds interest in various sectors, such as basic industry, healthcare, capital goods, telecommunications, automotive, banking, media, energy, leisure, insurance, technology and electronics, transportation and financial services.

Top Ranked Articles about First Trust High Income Long/Short Fund

First Trust New Opportunities MLP & Energy Fund Declares October Monthly Dividend Fund is paying 10 cents with a forward dividend yield of 10.17%
The First Trust New Opportunities MLP and Energy Fund (NYSE:FPL) declared its October monthly dividend on Sept. 20. The Fund will pay 10.5 cents per share on Oct. 16 with an ex-dividend date of Oct. 2. Read more...

Ratios

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Dividend & Buy Back

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Dividend Yield % 7.90
FSD's Dividend Yield % is ranked higher than
82% of the 1518 Companies
in the Global Asset Management industry.

( Industry Median: 4.04 vs. FSD: 7.90 )
Ranked among companies with meaningful Dividend Yield % only.
FSD' s Dividend Yield % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 7.93
Current: 7.9
0
7.93
Forward Dividend Yield % 8.91
FSD's Forward Dividend Yield % is ranked higher than
85% of the 1426 Companies
in the Global Asset Management industry.

( Industry Median: 4.34 vs. FSD: 8.91 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 7.90
FSD's 5-Year Yield-on-Cost % is ranked higher than
75% of the 1834 Companies
in the Global Asset Management industry.

( Industry Median: 2.64 vs. FSD: 7.90 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FSD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 7.93
Current: 7.9
0
7.93

Valuation & Return

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More Statistics

Beta0.22
Short Percentage of Float0.18%
52-Week Range $14.91 - 18.12
Shares Outstanding (Mil)35.23

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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