Fmr LLC reduced its position in Fifth Street Asset Management Inc. (NASDAQ:FSAM) by 22.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,518 shares of the asset manager’s stock after selling 74,600 shares during the period. Fmr LLC’s holdings in Fifth Street Asset Management were worth $1,175,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp raised its position in Fifth Street Asset Management by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 25,474 shares of the asset manager’s stock worth $117,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors own 6.35% of the company’s stock.

Fifth Street Asset Management Inc. (NASDAQ:FSAM) opened at 4.10 on Friday. Fifth Street Asset Management Inc. has a 1-year low of $3.35 and a 1-year high of $8.45. The firm’s 50-day moving average price is $4.12 and its 200-day moving average price is $4.86. The firm has a market cap of $63.86 million, a price-to-earnings ratio of 27.52 and a beta of 0.34.

Fifth Street Asset Management (NASDAQ:FSAM) last announced its earnings results on Monday, August 14th. The asset manager reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. Fifth Street Asset Management had a net margin of 1.55% and a negative return on equity of 527.80%. On average, equities research analysts anticipate that Fifth Street Asset Management Inc. will post $0.43 earnings per share for the current year.

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Separately, ValuEngine lowered Fifth Street Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 18th.

About Fifth Street Asset Management

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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Institutional Ownership by Quarter for Fifth Street Asset Management (NASDAQ:FSAM)

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