Fifth Street Asset Management Inc. (FSAM) Trading 5.6% Higher
Shares of Fifth Street Asset Management Inc. (NASDAQ:FSAM) traded up 5.6% on Tuesday . The company traded as high as $5.47 and last traded at $5.32, with a volume of 215,072 shares traded. The stock had previously closed at $5.04.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Fifth Street Asset Management from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Friday, August 26th. Deutsche Bank AG restated a “buy” rating on shares of Fifth Street Asset Management in a research note on Wednesday, May 18th. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of Fifth Street Asset Management in a research note on Friday, August 26th.
The firm’s 50 day moving average price is $4.35 and its 200 day moving average price is $3.82. The company’s market cap is $35.75 million.
Fifth Street Asset Management (NASDAQ:FSAM) last released its quarterly earnings data on Monday, August 15th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.08. On average, analysts expect that Fifth Street Asset Management Inc. will post $0.62 EPS for the current year.
In other Fifth Street Asset Management news, major shareholder Mangrove Partners Fund (Cayman sold 215,478 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $5.07, for a total transaction of $1,092,473.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nathaniel H. August sold 440,408 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $5.13, for a total value of $2,259,293.04. The disclosure for this sale can be found here.
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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