The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) is a huge mover today! About 168,885 shares traded hands or 158.40% up from the average. Fifth Street Asset Management Inc (NASDAQ:FSAM) has risen 67.65% since April 20, 2016 and is uptrending. It has outperformed by 63.09% the S&P500.
The move comes after 7 months positive chart setup for the $323.41M company. It was reported on Nov, 22 by Barchart.com. We have $6.43 PT which if reached, will make NASDAQ:FSAM worth $12.94 million more.
Analysts await Fifth Street Asset Management Inc (NASDAQ:FSAM) to report earnings on November, 28. They expect $0.12 earnings per share, down 33.33% or $0.06 from last year’s $0.18 per share. FSAM’s profit will be $6.28M for 12.88 P/E if the $0.12 EPS becomes a reality. After $0.20 actual earnings per share reported by Fifth Street Asset Management Inc for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.
Fifth Street Asset Management Inc (NASDAQ:FSAM) Ratings Coverage
Out of 3 analysts covering Fifth Street Asset Management (NASDAQ:FSAM), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Fifth Street Asset Management has been the topic of 10 analyst reports since August 10, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Sell” rating in Monday, January 25 report. The rating was upgraded by Zacks on Monday, August 10 to “Sell”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 16. Deutsche Bank maintained it with “Buy” rating and $6.25 target price in Thursday, August 25 report. Zacks downgraded the stock to “Hold” rating in Wednesday, August 19 report. The firm has “Sell” rating by UBS given on Monday, September 14. Zacks downgraded Fifth Street Asset Management Inc (NASDAQ:FSAM) on Thursday, August 27 to “Hold” rating. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, November 25.
According to Zacks Investment Research, “Fifth Street Asset Management Inc. is an alternative asset manager. It provides flexible financing solutions to small and mid-sized companies across their capital structure, primarily in connection with investments by private equity sponsors. Fifth Street Asset Management Inc. is headquartered in Greenwich, Connecticut.”
More notable recent Fifth Street Asset Management Inc (NASDAQ:FSAM) news were published by: Globenewswire.com which released: “Fifth Street Asset Management Inc. Reschedules Earnings Release for the …” on November 21, 2016, also Forbes.com with their article: “David Einhorn’s Greenlight Capital Washes Its Hands Of Fifth Street Asset …” published on February 25, 2016, Nasdaq.com published: “Fifth Street Asset Management Inc. Files Form 12b-25 with Securities and …” on November 14, 2016. More interesting news about Fifth Street Asset Management Inc (NASDAQ:FSAM) were released by: Globenewswire.com and their article: “Fifth Street Asset Management Inc. Announces Second Quarter 2016 Results” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “Shareholder Class Action Filed Against Fifth Street Asset Management, Inc. – FSAM” with publication date: January 14, 2016.
FSAM Company Profile
Fifth Street Asset Management Inc., incorporated on May 8, 2014, is an alternative asset manager. The Firm 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). The Company’s segment provides asset management services to the Fifth Street Funds. The Firm conducts all of its activities through its subsidiaries, Fifth Street Management LLC (FSM), Fifth Street CLO Management LLC (CLO Management) and FSCO GP LLC (FSCO GP). The funds, managed by the Company, provide financing solutions to small and mid-sized companies across their capital structures, mainly in connection with investments by private equity sponsors. The Firm provides credit solutions across the capital structure, including one-stop financing, unitranche debt, senior secured debt, mezzanine debt, equity co-investments and venture debt financing. The Firm has over $6.3 billion of assets under management.
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