Fifth Street Asset Management Inc. (NASDAQ:FSAM)’s share price dropped 3.4% during mid-day trading on Friday . The stock traded as low as $3.57 and last traded at $3.74, with a volume of 52,691 shares. The stock had previously closed at $3.87.

FSAM has been the topic of several analyst reports. Zacks Investment Research lowered shares of Fifth Street Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Fifth Street Asset Management in a report on Wednesday, May 18th.

The company’s market capitalization is $21.85 million. The company has a 50 day moving average of $4.06 and a 200-day moving average of $3.47.

Fifth Street Asset Management (NASDAQ:FSAM) last issued its quarterly earnings data on Monday, May 16th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $19 million for the quarter. Analysts predict that Fifth Street Asset Management Inc. will post $0.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 10.70%.

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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