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Follow on Google News | Insider Trading Real Time Review – Fifth Street Finance Corp.Company’s insiders showed active trading record during the past 2 months. One insider trades was caught by insiderslab.com during the past 24 hours.
By: insiderslab.com 06/21/2011: CEO and Director Leonard Tannenbaum purchased 30,000 shares on the open market at $11.58 per share. Another share purchase made by him was settled on June 14 when he bought 10,000 shares at $11.67 per share. Leonard Tannenbaum acquired $1.10 million worth of shares in total since May. He is one of the top holders of the company with 3.15 million common shares on hands so far. 06/14/2011: Co-Chief Investment Officer Chad Blakeman acquired 1,000 common shares on the open market at $11.74 per share. Chad Blakeman is the new insider of the company. Two other C-Level officers Ivelin Dimitrov and Bernard Berman settled insider trades in May. In general, when we see a group of insider trades settled in a short period or new insider acquires shares on the open market, we believe that the firm may have positive potentials in the closing future. On June 21, Fifth Street priced a public offering of 5,000,000 shares of its common stock at a public offering price of $11.72 per share for total gross proceeds of $58,600,000. All shares are being offered by Fifth Street. Fifth Street has also granted the underwriters an option to purchase up to an additional 750,000 shares of common stock to cover over-allotments. The net proceeds are going to be used on making investments in small and mid-sized companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes. Read (FSC) insider trading report at http://www.insiderslab.com/ Report Editor: Kelly Liu in Vancouver at kelly@insiderslab.com # # # InsidersLab provides U.S. Insider Trading Research and Analysis to investors. We strive to aid investors, analysts, advisors and institutions in achieving optimal portfolio performance returns by providing more transparency in the insiders market. End
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