Fifth Street Asset Management Inc(NASDAQ:FSAM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $17.891M. Analysts estimated a revenue of $25.120M. The revenues were -28.78% below the estimates. Earnings per share were $0.14. Analysts had estimated an EPS of $0.14.
Fifth Street Asset Management Inc (FSAM) remained unchanged at the close of Friday session. Even as the volume increased to 95,915 ,the shares failed to make any impression and ended at 0 points or 0.00% at $4.95. The trading session commenced at $5 and the stock hit a high of $5.05 and touched $4.9 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $8.45 and the 52-week low is $2.91. The company has a market cap of $247 M and has approximately 4,98,61,904 outstanding shares.
Several Insider Transactions has been reported to the SEC. On Sep 8, 2015, Mark Jeffrey Gordon (director) purchased 2,000 shares at $7.98 per share price.
Fifth Street Asset Management Inc. is an alternative asset management firm. The funds managed by the Company provide financing solutions to small and mid-sized companies across their capital structures primarily in connection with investments by private equity sponsors. The Company’s credit solutions include one-stop financing uni-tranche debt senior secured debt mezzanine debt equity co-investments healthcare asset-backed lending and venture debt financing. The Company provides asset management services to its investment funds which consist primarily of Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp. both publicly-traded business development companies regulated. The Company conducts substantially all of its operations through its consolidated subsidiary Fifth Street Management LLC.