What Will Happen to Fifth Street Asset Management Inc (FSAM) Next? The Stock Just Increased A Lot

September 17, 2017 - By Maria Brooks

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. The firm has “Sell” rating given on Monday, January 25 by UBS. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Buy” rating given on Thursday, August 25 by Deutsche Bank. As per Monday, September 14, the company rating was maintained by UBS. The firm has “Buy” rating given on Wednesday, December 16 by Deutsche Bank. Zacks downgraded the shares of FSAM in report on Thursday, August 27 to “Hold” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, November 25 report. The stock of Fifth Street Asset Management Inc (NASDAQ:FSAM) has “Sell” rating given on Monday, August 10 by Zacks. Zacks downgraded Fifth Street Asset Management Inc (NASDAQ:FSAM) on Wednesday, August 19 to “Hold” rating.

More notable recent Fifth Street Asset Management Inc (NASDAQ:FSAM) news were published by: Globenewswire.com which released: “Fifth Street Asset Management Inc. Announces Sale of Middle Market CLO …” on July 07, 2017, also Reuters.com with their article: “BRIEF-Fifth Street Asset Management signs asset purchase agreement with Oaktree” published on July 14, 2017, Seekingalpha.com published: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q4 2016 …” on March 21, 2017. 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 2017 Results” published on August 21, 2017 as well as Seekingalpha.com‘s news article titled: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q1 2017 …” with publication date: May 16, 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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