Noteworthy Price Action: What Will Happen to Fifth Street Asset Management Inc Next? The Stock Just Declined A Lot

Noteworthy Price Action: What Will Happen to Fifth Street Asset Management Inc Next? The Stock Just Declined A Lot

The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) is a huge mover today! About 211,966 shares traded hands or 8.02% up from the average. Fifth Street Asset Management Inc (NASDAQ:FSAM) has risen 66.45% since March 9, 2016 and is uptrending. It has outperformed by 59.03% the S&P500.
The move comes after 5 months negative chart setup for the $234.16M company. It was reported on Oct, 12 by Barchart.com. We have $4.09 PT which if reached, will make NASDAQ:FSAM worth $32.78M 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 $5.90M for 9.92 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. The rating was downgraded by Zacks to “Hold” on Wednesday, August 19. The rating was maintained by UBS with “Sell” on Monday, September 14. Deutsche Bank maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) rating on Wednesday, December 16. Deutsche Bank has “Buy” rating and $7.50 price target. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, November 25 report. The firm earned “Hold” rating on Thursday, August 27 by Zacks. The firm has “Sell” rating given on Monday, January 25 by UBS. The stock has “Sell” rating given by Zacks on Monday, August 10. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Buy” rating given on Thursday, August 25 by Deutsche Bank.

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. Schedules Earnings Release for the Quarter …” on October 10, 2016, also Globenewswire.com with their article: “Fifth Street Asset Management Inc. Announces Agreement Between Fifth Street …” published on February 19, 2016, Prnewswire.com published: “Shareholder Class Action Filed Against Fifth Street Asset Management, Inc. – FSAM” on January 14, 2016. More interesting news about Fifth Street Asset Management Inc (NASDAQ:FSAM) were released by: Seekingalpha.com and their article: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q2 2016 …” published on August 17, 2016 as well as Seekingalpha.com‘s news article titled: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q4 2015 …” with publication date: March 17, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment