Why Fifth Street Senior Floating Rate (FSFR) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- Fifth Street Senior Floating Rate  (FSFR) fell in after-hours trading Wednesday after the company reported its third-quarter earnings and announced a public offering of common stock.

The company reported earnings per share of 27 cents, while the consensus estimate called for EPS of 28 cents.

The company also announced a public offering of 22.8 million shares of common stock. The offering contains an option for underwriters to purchase up to an additional 3.42 million shares.

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The stock was down 3.83% to $12.80 at 4:54 p.m.

FSFR Chart FSFR data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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