Fifth Street Asset Management Inc. (FSAM) Sees Strong Trading Volume
Shares of Fifth Street Asset Management Inc. (NASDAQ:FSAM) saw an uptick in trading volume on Monday . 57,830 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 52,211 shares.The stock last traded at $4.99 and had previously closed at $4.91.
A number of research firms have recently commented on FSAM. Deutsche Bank AG reissued a “buy” rating on shares of Fifth Street Asset Management in a report on Wednesday, May 18th. Zacks Investment Research upgraded shares of Fifth Street Asset Management from a “sell” rating to a “hold” rating in a report on Monday, April 25th.
The firm’s market capitalization is $29.21 million. The stock’s 50-day moving average price is $4.09 and its 200 day moving average price is $3.60.
Fifth Street Asset Management (NASDAQ:FSAM) last posted its earnings results on Monday, August 15th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.08. Equities research analysts expect that Fifth Street Asset Management Inc. will post $0.50 earnings per share for the current year.
Fifth Street Asset Management Inc is an alternative asset manager. The Company provides asset management services to its investment funds (the Fifth Street Funds or the funds), which consist of Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), both publicly-traded business development companies (together, the BDCs).
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