NYSE · Asset Management - Income

First Trust High Income Long/Short Fund (FSD) Stock

$12.22 -1.85% NYSE: FSD Financial Services

The First Trust High Income Long/Short Fund, known by its ticker FSD, is a U.S.-domiciled, closed-ended investment vehicle primarily focused on fixed-income securities. Established on June 18, 2010, it is managed by First Trust Advisors, L.P., with MacKay Shields LLC serving as co-manager.

Valuation

MetricValue
Price$12.22
Market Cap$406.82M
P/E Ratio21.44
P/B Ratio1.02
P/S Ratio20.60
EPS (TTM)$0.57
52-Week High$12.63
52-Week Low$10.20
Dividend Yield10.31%

Financials & Margins

MetricValue
ROE4.66%
ROA3.19%
ROCE3.20%
Gross Margin68.34%
Operating Margin96.73%
Net Margin96.73%
Debt/Equity0.36
Current Ratio32.51

Annual Financials (USD)

Metric20192020202120222023
Revenue$57.0M$0$64.0M$-78.0M$20.0M
Operating Profit$56.0M$-1.0M$63.0M$-73.0M$19.0M
Net Profit$56.0M$-1.0M$63.0M$-78.0M$19.0M
EPS$1.61$-0.03$1.88$-2.34$0.57
Op Margin98.4%-239.0%98.4%94.2%96.7%

Balance Sheet (USD)

Metric20192020202120222023
Total Assets$773.0M$734.0M$753.0M$627.0M$600.0M
Total Liabilities$191.0M$207.0M$210.0M$205.0M$202.0M
Cash$17.0M$33.0M$40.0M$87.0M$60.0M
Borrowings$26.0M$120.0M$142.0M$143.0M$144.0M

Cash Flow (USD)

Metric20192020202120222023
Operating Cash Flow$81.0M$-29.0M$33.0M$88.0M$16.0M
Investing Cash Flow$48.0M$-61.0M$0$60.0M$-4.0M
Financing Cash Flow$-26.0M$75.0M$17.0M$0$-2.0M
Net Cash Flow$19.0M$11.0M$8.0M$46.0M$-27.0M
Free Cash Flow$81.0M$-29.0M$33.0M$88.0M$16.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.21
EV / EBITDA25.45
FCF Yield3.88%
Quick Ratio32.51
Interest Coverage1.49
Return 1Y—
Return 3Y—
Return 5Y—

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
BIATXBrown Advisory Total Return Fund - Investor Shares $8.67 +0.34% — $394.11M 0.00%
EGOHXAllspring Large Cap Core Fund - Class R $15.80 -0.38% 15.71 $414.94M 0.00%
FEIFirst Trust MLP and Energy Income Fund $9.83 +0.20% 16.95 $444.60M 3.06%
FENFirst Trust Energy Income and Growth Fund $16.00 -0.19% 11.94 $311.42M 0.00%
GTCGXGlenmede Fund, Inc. - Glenmede Core Fixed Income Portfolio $9.39 +0.00% — $364.39M 0.00%

About First Trust High Income Long/Short Fund

The First Trust High Income Long/Short Fund, known by its ticker FSD, is a U.S.-domiciled, closed-ended investment vehicle primarily focused on fixed-income securities. Established on June 18, 2010, it is managed by First Trust Advisors, L.P., with MacKay Shields LLC serving as co-manager. The fund's objective is to achieve high income by investing in fixed-income markets globally. Its portfolio predominantly consists of high-yield corporate debt instruments, such as bonds, debentures, notes, and commercial papers, which are typically rated below investment grade and have diverse maturity dates. To construct its holdings, the fund employs a combination of fundamental analysis and a long/short strategy. This rigorous analytical process evaluates factors like the type, size, and cost of individual securities, scrutinizes the financial health, creditworthiness, and cash flow generation of issuing companies, and considers broader market influences. The fund's performance is measured against the Bank of America Merrill Lynch U.S. High Yield Master II Constrained Index.

First Trust High Income Long/Short Fund is headquartered in US.

First Trust High Income Long/Short Fund (FSD) stock trades at $12.22 with a market capitalization of $406.82M. The stock is valued at a price-to-earnings (P/E) ratio of 21.44, price-to-book of 1.02, price-to-sales of 20.60. Over the past 52 weeks the stock has ranged between $10.20 and $12.63, and currently trades 3.2% below its 52-week high. It pays a dividend yielding 10.31%.

On profitability, First Trust High Income Long/Short Fund generates a return on equity (ROE) of 4.66%, return on capital employed of 3.20%, an operating margin of 96.73%, a net profit margin of 96.73%.

Official website: www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FSD

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