Today, Fifth Street Asset Management Inc. (FSAM) Earns “Hold” Rating from Credit Suisse Group AG

Today, Fifth Street Asset Management Inc. (FSAM) Earns “Hold” Rating from Credit Suisse Group AG

Fifth Street Asset Management Inc. (NASDAQ:FSAM)‘s stock had its “hold” rating reissued by equities research analysts at Credit Suisse Group AG in a note issued to investors on Monday. They currently have a $4.00 target price on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 36.51% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Fifth Street Asset Management from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Friday, August 26th. Deutsche Bank AG upped their target price on shares of Fifth Street Asset Management from $5.00 to $6.25 and gave the stock a “buy” rating in a research note on Thursday, August 25th.

Fifth Street Asset Management (NASDAQ:FSAM) remained flat at $6.30 on Monday. The company’s stock had a trading volume of 44,823 shares. Fifth Street Asset Management 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 $5.16 and a 200-day moving average of $4.77. The firm has a market cap of $36.53 million, a P/E ratio of 15.48 and a beta of 0.51.

In related news, Director Nathaniel H. August sold 440,408 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 89.73% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Fifth Street Asset Management by 1.0% in the second quarter. Vanguard Group Inc. now owns 270,196 shares of the company’s stock valued at $1,091,000 after buying an additional 2,656 shares during the period. Springhouse Capital Management LP boosted its position in Fifth Street Asset Management by 1.3% in the third quarter. Springhouse Capital Management LP now owns 582,998 shares of the company’s stock valued at $3,212,000 after buying an additional 7,500 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 valued at $336,000 after buying an additional 7,740 shares during the period. BlackRock Fund Advisors boosted its position in Fifth Street Asset Management by 4.6% in the second quarter. BlackRock Fund Advisors now owns 181,000 shares of the company’s stock valued at $731,000 after buying an additional 7,937 shares during the period. Finally, 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 valued at $359,000 after buying an additional 14,417 shares during the period. Institutional investors own 61.47% of the company’s stock.

Fifth Street Asset Management Company Profile

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