It Seems Fifth Street Asset Management Inc (FSAM) Will Go Up. Have Another Big Increase

September 17, 2017 - By test

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. UBS maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) rating on Monday, September 14. UBS has “Sell” rating and $6 target. The rating was downgraded by Zacks on Thursday, August 27 to “Hold”. As per Monday, January 25, the company rating was maintained by UBS. As per Wednesday, August 19, the company rating was downgraded by Zacks. Zacks upgraded Fifth Street Asset Management Inc (NASDAQ:FSAM) on Monday, August 10 to “Sell” rating. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, November 25. Deutsche Bank maintained Fifth Street Asset Management Inc (NASDAQ:FSAM) on Wednesday, December 16 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 25 report.

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 Wsj.com‘s news article titled: “Fifth Street Asset Management to Explore Sale” with publication date: April 19, 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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