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Fifth Street Adds 3% on Q1 Net Investment Income/Share In Line With Views

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Fifth Street Finance ( FSC ) shares rose 3% after the company reported a Q1 adjusted net investment income per share of $0.18, unchanged from a ago and in line with the average estimate from analysts polled by Capital IQ. Total investment income fell to $59.6 million from $66.5 million, coming in below the $63.4-million consensus.

The company's board declared three dividends of $0.06 each to be paid on June 15, July 15 and August 15, 2016.

On Nov. 30, 2015, the board authorized a common stock repurchase program to acquire up to $100 million of shares through Nov. 30, 2016. The board bought 5 million shares during February, March and April 2016 under the program for an aggregate cost of $25.1 million.

Shares trade in the lower half of their 52-week price range of $4.4 - $7.10.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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