Fifth St Finance (FSC) Misses Q1 EPS by 1c

Fifth St Finance (NASDAQ: FSC) reported Q1 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26.

Highlights:

• Net asset value per share was $9.81 as of March 31, 2014, as compared to $9.85 as December 31, 2013;
• Net funded originations for the quarter ended March 31, 2014 were $233.6 million;
• Our average leverage ratio for the quarter ended March 31, 2014 was 0.66x, excluding SBA debentures;
• No investments were on non-accrual status as of March 31, 2014; and
• We continued to strengthen our capital structure by accessing the institutional high-grade bond market to issue $250 million of five-year unsecured notes at a fixed coupon of 4.875%.

For earnings history and earnings-related data on Fifth St Finance (FSC) click here.

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