Shares of Fifth Street Asset Management Inc. (NASDAQ:FSAM) gapped up before the market opened on Wednesday . The stock had previously closed at $3.87, but opened at $3.95. Fifth Street Asset Management shares last traded at $4.02, with a volume of 20,254 shares traded.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Fifth Street Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Fifth Street Asset Management in a report on Wednesday, May 18th.

The firm’s market capitalization is $23.60 million. The stock’s 50-day moving average price is $4.09 and its 200 day moving average price is $3.46.

Fifth Street Asset Management (NASDAQ:FSAM) last issued its quarterly earnings results on Monday, May 16th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business earned $19 million during the quarter. On average, analysts anticipate that Fifth Street Asset Management Inc. will post $0.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date of this dividend was Tuesday, June 28th.

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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