Stock Mover of The Day: Time to Buy Fifth Street Asset Management Inc After Today’s Significant Decline?

Stock Mover of The Day: Time to Buy Fifth Street Asset Management Inc After Today's Significant Decline?

The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) is a huge mover today! The stock decreased 5.16% or $0.3 during the last trading session, hitting $5.51. About 271,133 shares traded hands or 29.29% up from the average. Fifth Street Asset Management Inc (NASDAQ:FSAM) has risen 81.56% since February 26, 2016 and is uptrending. It has outperformed by 71.14% the S&P500.
The move comes after 7 months negative chart setup for the $253.09 million company. It was reported on Oct, 1 by Barchart.com. We have $4.90 PT which if reached, will make NASDAQ:FSAM worth $27.84 million less.

Analysts await Fifth Street Asset Management Inc (NASDAQ:FSAM) to report earnings on November, 28. They expect $0.12 EPS, down 33.33% or $0.06 from last year’s $0.18 per share. FSAM’s profit will be $5.51M for 11.48 P/E if the $0.12 EPS becomes a reality. After $0.20 actual EPS 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. Deutsche Bank maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) on Thursday, August 25 with “Buy” rating. UBS maintained the stock with “Sell” rating in Monday, September 14 report. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Buy” rating given on Wednesday, December 16 by Deutsche Bank. The firm has “Mkt Perform” rating given on Wednesday, November 25 by FBR Capital. On Monday, August 10 the stock rating was upgraded by Zacks to “Sell”. The rating was downgraded by Zacks on Wednesday, August 19 to “Hold”. The rating was downgraded by Zacks on Thursday, August 27 to “Hold”. The company was maintained on Monday, January 25 by UBS.

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. Announces Second Quarter 2016 Results” on August 15, 2016, also Finance.Yahoo.com with their article: “Fifth Street Asset Management (FSAM) Shares March Higher, Can It Continue?” published on September 21, 2016, Nasdaq.com published: “Fifth Street Asset Management Inc. (FSAM) Ex-Dividend Date Scheduled for …” on September 27, 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 Agreement Between Fifth Street …” published on February 19, 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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