What’s in Fifth Street Asset Management Inc (FSAM) After Today’s Huge Increase?

September 17, 2017 - By Stephen Andrade

The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) is a huge mover today! The stock increased 3.95% or $0.15 on September 15, reaching $3.95. About 51,692 shares traded or 15.37% up from the average. Fifth Street Asset Management Inc (NASDAQ:FSAM) has risen 2.33% since September 17, 2016 and is uptrending. It has underperformed by 14.37% the S&P500.
The move comes after 6 months positive chart setup for the $61.82M company. It was reported on Sep, 17 by Barchart.com. We have $4.23 PT which if reached, will make NASDAQ:FSAM worth $4.33M more.

Fifth Street Asset Management Inc (NASDAQ:FSAM) Ratings Coverage

Among 3 analysts covering Fifth Street Asset Management (NASDAQ:FSAM), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Fifth Street Asset Management had 10 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Sell” rating in Monday, August 10 report. UBS maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) on Monday, January 25 with “Sell” rating. As per Thursday, August 27, the company rating was downgraded by Zacks. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Hold” rating given on Wednesday, August 19 by Zacks. UBS maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) rating on Monday, September 14. UBS has “Sell” rating and $6 target. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Buy” rating given on Thursday, August 25 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, December 16. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) earned “Mkt Perform” rating by FBR Capital on Wednesday, November 25.

More notable recent Fifth Street Asset Management Inc (NASDAQ:FSAM) news were published by: Globenewswire.com which released: “Fifth Street Asset Management Inc. Announces Second Quarter 2017 Results” on August 21, 2017, also Seekingalpha.com with their article: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q4 2016 …” published on March 21, 2017, Wsj.com published: “Fifth Street Asset Management to Explore Sale” on April 19, 2017. More interesting news about Fifth Street Asset Management Inc (NASDAQ:FSAM) were released by: Reuters.com and their article: “BRIEF-Fifth Street Asset Management signs asset purchase agreement with Oaktree” published on July 14, 2017 as well as Globenewswire.com‘s news article titled: “Fifth Street Asset Management Inc. Announces Sale of Middle Market CLO …” with publication date: July 07, 2017.

Fifth Street Asset Management Inc. is an alternative asset manager. The company has market cap of $61.82 million. The Firm provides asset management services to its investment 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). It currently has negative earnings. The Company’s segment provides asset management services to the Fifth Street Funds.

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