Fifth Street Asset Management Inc. (NASDAQ:FSAM) will announce its earnings results on Tuesday, November 15th. Investors that wish to register for the company’s conference call can do so using this link.

Fifth Street Asset Management (NASDAQ:FSAM) last posted its earnings results on Monday, August 15th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.08. Fifth Street Asset Management had a net margin of 15.28% and a negative return on equity of 800.12%. On average, analysts expect Fifth Street Asset Management to post $0.62 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.

Earnings History for Fifth Street Asset Management (NASDAQ:FSAM)

Shares of Fifth Street Asset Management Inc. (NASDAQ:FSAM) opened at 5.20 on Monday. The stock’s market capitalization is $30.38 million. Fifth Street Asset Management Inc. has a 52-week low of $1.31 and a 52-week high of $6.85. The stock has a 50 day moving average of $5.20 and a 200 day moving average of $4.64.

In other Fifth Street Asset Management news, Director Nathaniel H. August sold 440,408 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $5.13, for a total transaction of $2,259,293.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Mangrove Partners Fund (Cayman sold 215,478 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $5.07, for a total transaction of $1,092,473.46. The disclosure for this sale can be found here. Company insiders own 89.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FSAM. KCG Holdings Inc. purchased a new position in Fifth Street Asset Management during the third quarter worth $169,000. JPMorgan Chase & Co. boosted its position in Fifth Street Asset Management by 136.1% in the second quarter. JPMorgan Chase & Co. now owns 58,119 shares of the company’s stock worth $235,000 after buying an additional 33,499 shares during the period. Northern Trust Corp boosted its position in Fifth Street Asset Management by 28.4% in the third quarter. Northern Trust Corp now owns 65,201 shares of the company’s stock worth $359,000 after buying an additional 14,417 shares during the period. Parametric Portfolio Associates LLC boosted its position in Fifth Street Asset Management by 10.3% in the second quarter. Parametric Portfolio Associates LLC now owns 83,152 shares of the company’s stock worth $336,000 after buying an additional 7,740 shares during the period. Finally, State Street Corp boosted its position in Fifth Street Asset Management by 20.2% in the second quarter. State Street Corp now owns 86,881 shares of the company’s stock worth $351,000 after buying an additional 14,611 shares during the period. Institutional investors and hedge funds own 57.37% of the company’s stock.

FSAM has been the topic of several research reports. Zacks Investment Research upgraded shares of Fifth Street Asset Management from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Deutsche Bank AG boosted their price target on shares of Fifth Street Asset Management from $5.00 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, August 25th. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of Fifth Street Asset Management in a research report on Friday, August 26th.

Fifth Street Asset Management Company Profile

Fifth Street Asset Management Inc is an alternative asset manager. The Company 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).

5 Day Chart for NASDAQ:FSAM

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