What’s Next for Fifth Street Asset Management Inc (FSAM) After Today’s Big Increase?

September 17, 2017 - By Louis Casey

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

More notable recent Fifth Street Asset Management Inc (NASDAQ:FSAM) news were published by: Reuters.com which released: “BRIEF-Fifth Street Asset Management signs asset purchase agreement with Oaktree” on July 14, 2017, also Seekingalpha.com with their article: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q4 2016 …” published on March 21, 2017, Seekingalpha.com published: “Fifth Street Asset Management’s (FSAM) CEO Leonard Tannenbaum on Q1 2017 …” on May 16, 2017. More interesting news about Fifth Street Asset Management Inc (NASDAQ:FSAM) were released by: Wsj.com and their article: “Oaktree Said to Near Buyout of Fifth Street Asset Management” published on June 29, 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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