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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%)
» More
Q3 2015

FSD Guru Trades in Q3 2015

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

FSD Guru Trades in Q4 2015

Third Avenue Management Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with FSD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Asset Management » Asset Management    NAICS: 523920    SIC: 6282
Compare:NYSE:PZN, AMEX:EAD, AMEX:CET, AMEX:MVF, NYSE:NXJ, NAS:BKCC, AMEX:ERC, AMEX:NML, AMEX:GLO, NAS:WINS, NAS:PNNT, NAS:DHIL, AMEX:FEN, OTCPK:FFXXF, AMEX:VKI, NAS:VRTS, NYSE:WHG, NYSE:NKX, AMEX:CLM, OTCPK:ALLWF » details
Headquarter Location:USA
First Trust High Income Long/Short Fund is a diversified, closed-end management investment company. The Company's investment objective is to provide current income, and capital appreciation.

First Trust High Income Long/Short Fund is a diversified, closed-end management investment company organized as a Massachusetts business trust on June 18, 2010. The Company's investment objective is to provide current income, and capital appreciation. The Company is engaged in investing, under normal market conditions in a diversified portfolio of U.S. and foreign (including emerging markets) high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade at the time of purchase.

Ratios

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Dividend & Buy Back

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Dividend Yield % 6.79
FSD's Dividend Yield % is ranked higher than
77% of the 1488 Companies
in the Global Asset Management industry.

( Industry Median: 4.04 vs. FSD: 6.79 )
Ranked among companies with meaningful Dividend Yield % only.
FSD' s Dividend Yield % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 6.83
Current: 6.79
0
6.83
Forward Dividend Yield % 8.63
FSD's Forward Dividend Yield % is ranked higher than
86% of the 1408 Companies
in the Global Asset Management industry.

( Industry Median: 4.36 vs. FSD: 8.63 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 6.78
FSD's 5-Year Yield-on-Cost % is ranked higher than
68% of the 1743 Companies
in the Global Asset Management industry.

( Industry Median: 6.87 vs. FSD: 6.78 )
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: 6.83
Current: 6.78
0
6.83

Valuation & Return

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More Statistics

Beta0.17
Short Percentage of Float0.22%
52-Week Range $14.38 - 17.30
Shares Outstanding (Mil)35.23
» More Articles for FSD

Headlines

Articles On GuruFocus.com
CORRECTION: FT Portfolios Canada Co. Update on Timing of Merger of First Trust Short Duration High Y Feb 04 2016 
FT Portfolios Canada Co. Update on Timing of Merger of First Trust Short Duration High Yield Bond ET Feb 03 2016 
FT Portfolios Canada Co Update on Conversion of First Trust Advantaged Short Duration High Yield Bon Jan 21 2016 
FT Portfolios Canada Co. Announcement Jun 25 2015 

More From Other Websites
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.1247... May 22 2017
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.124... Apr 20 2017
First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust High Income Long/Short... Apr 13 2017
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.1232... Mar 20 2017
Field Systems Designs Holdings Plc :FSD-GB: Earnings Analysis: For the six months ended November 30,... Mar 10 2017
First Trust Advisors L.P. Announces Continuation of Share Repurchase Programs for Certain Closed-End... Mar 07 2017
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.1219... Feb 21 2017
First Trust High Income Long/Short Fund Announces Plan for Tender Offer and Distribution Policy Jan 20 2017
First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.11 Per... Jan 19 2017
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.110... Dec 20 2016
Is CoBiz Financial Inc (COBZ) A Good Stock To Buy? Dec 13 2016
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.100... Nov 21 2016
First Trust High Income Long/Short Fund Increases its Monthly Common Share Distribution to $0.095... Oct 20 2016
First Trust Advisors L.P. Announces Portfolio Manager Conference Call for First Trust High Income... Oct 07 2016
First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.08 Per... Sep 20 2016
First Trust Advisors L.P. Announces Share Repurchase Programs for Certain Closed-End Funds Sep 14 2016
First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.08 Per... Aug 22 2016
First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.08 Per... Jul 20 2016
First Trust High Income Long/Short Fund (FSD): Saba Capital Significantly Increases Stake Jul 09 2016
First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.08 Per... Jun 20 2016

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