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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Jun 17, 2013 2:29 PM Flag

    AINV

    Today the DOW rose some 160 plus points, almost every single BDC rose, some rose sharply, yet AINV was among the very few BDC that dropped, it dropped to as low #$%$ 8.00 today, right now traded at 8.01, a drop of 1.36%, only ANACS's 1.56% was worse than it. Especially puzzling that tomorrow is its ex-div date, that means whoever bought it today will get the 20 cents dividend. Its previous earning announcement for Q4 is good, with a EPS of 0.21 and its NAV as of March 31 was 8.27. It just announced a deal in a 500M buy out for MidCap Financial (Health) just like FSC. Also, its recent insider buys:
    6/6/13 Zelter James C
    Chief Executive Officer Purchase 20,000 7.96 – 7.96 184,592 $159.2 K
    Zelter James C
    Chief Executive Officer Purchase 20,000 7.96 – 7.96 196,009 $159.2 K
    while not a lot, but that just does not explains why it drops today unless they will announce a SPO this afternoon which lately a lot of companies did on their ex-divd dates (like NCT).

    Well, I bought 1200 shares earlier at 8.06 and just bought another 1000 shares at 8.01, trying to buy a lot more if it drops below $8. Now I will fund out soon if my timing is the worse or? LOL

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