About Fifth Street Asset Management (OTCMKTS:FSAM)
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). Its segment provides asset management services to the Fifth Street Funds. The Company conducts all of its operations through its subsidiaries, Fifth Street Management LLC (FSM), Fifth Street CLO Management LLC (CLO Management) and FSCO GP LLC (FSCO GP). The funds, managed by the Company, provide financing solutions to small and mid-sized companies across their capital structures, mainly in connection with investments by private equity sponsors. It provides credit solutions across the capital structure, including one-stop financing, unitranche debt, senior secured debt, mezzanine debt, equity co-investments and venture debt financing.
Industry, Sector and Symbol:
- Industry: Investment Management
- Sub-Industry: N/A
- Sector: Finance
- Symbol: OTCMKTS:FSAM
- Previous Symbol: NASDAQ:FSAM
- CUSIP: N/A
- Web: www.fifthstreetfinance.com
- Debt-to-Equity Ratio: -0.06%
- Current Ratio: 0.18%
- Quick Ratio: 0.15%
Sales & Book Value:
- Trailing P/E Ratio: 10.79
- Annual Sales: $82.55 million
- Price / Sales: 2.48
- Cash Flow: $1.01 per share
- Price / Cash: 4.05
- Book Value: ($0.67) per share
- Price / Book: -6.12
- Annual Dividend: $0.25
- Dividend Yield: 6.1%
- Trailing EPS: ($0.14)
- Net Income: ($1,530,000.00)
- Net Margins: -20.92%
- Return on Equity: -399.09%
- Return on Assets: -2.71%
- Employees: 50
- Outstanding Shares: 49,930,000
Frequently Asked Questions for Fifth Street Asset Management (OTCMKTS:FSAM)
What is Fifth Street Asset Management's stock symbol?
Fifth Street Asset Management trades on the OTCMKTS under the ticker symbol "FSAM."
How often does Fifth Street Asset Management pay dividends? What is the dividend yield for Fifth Street Asset Management?
Fifth Street Asset Management declared a quarterly dividend on Tuesday, March 21st. Shareholders of record on Friday, March 31st will be given a dividend of $0.125 per share on Friday, April 14th. This represents a $0.50 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date is Wednesday, March 29th. View Fifth Street Asset Management's Dividend History.
How will Fifth Street Asset Management's stock buyback program work?
Fifth Street Asset Management declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 15th 2017, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
How were Fifth Street Asset Management's earnings last quarter?
Fifth Street Asset Management Inc. (OTCMKTS:FSAM) released its quarterly earnings data on Monday, May, 15th. The asset manager reported $0.10 EPS for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.02. The asset manager had revenue of $15.64 million for the quarter. Fifth Street Asset Management had a negative return on equity of 399.09% and a negative net margin of 20.92%. View Fifth Street Asset Management's Earnings History.
When will Fifth Street Asset Management make its next earnings announcement?
Who are some of Fifth Street Asset Management's key competitors?
Some companies that are related to Fifth Street Asset Management include Impax Asset Management Group Plc (IPX), Mortgage Advice Bureau (Holdings) PLC (MAB1), Liontrust Asset Management PLC (LIO), Premier Asset Management Group PLC (PAM), Charles Stanley Group plc (CAY), Calamos Asset Management (CLMS), City of London Investment Group PLC (CLIG), Miton Group plc (MGR), Manning & Napier (MN), Plutus Powergen PLC (PPG), Medley Management (MDLY), Zoltav Resources (ZOL) and Charlemagne Capital Limited (CCAP).
Who are Fifth Street Asset Management's key executives?
Fifth Street Asset Management's management team includes the folowing people:
- David H. Harrison, Executive Vice President, Secretary (Age 42)
- Ivelin M. Dimitrov, Chief Investment Officer (Age 37)
- Leonard M. Tannenbaum, Chairman of the Board, Chief Executive Officer (Age 43)
- Bernard D. Berman, Co-President, Chief Compliance Officer, Director (Age 46)
- Thomas L. Harrison, Lead Independent Director (Age 69)
- Michael W. Arthur, Director (Age 75)
- Alexander C. Frank, Director (Age 57)
- Thomas R. Brandt, Independent Director (Age 51)
- James F Velgot, Independent Director
Who owns Fifth Street Asset Management stock?
Fifth Street Asset Management's stock is owned by many different of retail and institutional investors. Top institutional shareholders include
TANNENBAUM LEONARD M
TANNENBAUM LEONARD M
BERMAN BERNARD D
BERMAN BERNARD D
(10.40%), Hotchkis & Wiley Capital Management LLC (1.08%) and JPMorgan Chase & Co. (0.09%). Company insiders that own Fifth Street Asset Management stock include David Einhorn, Mangrove Partners Fund (Cayman, Mangrove Partners Master Fund, and Nathaniel H August. View Institutional Ownership Trends for Fifth Street Asset Management.
Who sold Fifth Street Asset Management stock? Who is selling Fifth Street Asset Management stock?
Who bought Fifth Street Asset Management stock? Who is buying Fifth Street Asset Management stock?
How do I buy Fifth Street Asset Management stock?
Shares of Fifth Street Asset Management can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Fifth Street Asset Management's stock price today?
One share of Fifth Street Asset Management stock can currently be purchased for approximately $4.10.
How big of a company is Fifth Street Asset Management?
Fifth Street Asset Management has a market capitalization of $204.73 million and generates $82.55 million in revenue each year. The asset manager earns ($1,530,000.00) in net income (profit) each year or ($0.14) on an earnings per share basis. Fifth Street Asset Management employs 50 workers across the globe.
How can I contact Fifth Street Asset Management?
Fifth Street Asset Management's mailing address is 777 WEST PUTNAM AVENUE 3RD FLOOR, GREENWICH CT, 06830. The asset manager can be reached via phone at 203-681-3600 or via email at [email protected]
MarketBeat Community Rating for Fifth Street Asset Management (OTCMKTS FSAM)MarketBeat's community ratings are surveys of what our community members think about Fifth Street Asset Management and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Fifth Street Asset Management (OTCMKTS:FSAM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 0 Buy Ratings, 0 Strong Buy RatingsNo ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Analysts' Consensus Price Target: ||N/A|
Consensus Price Target History for Fifth Street Asset Management (OTCMKTS:FSAM)
Analysts' Ratings History for Fifth Street Asset Management (OTCMKTS:FSAM)
(Data available from 11/20/2015 forward)
|11/7/2016||Credit Suisse Group||Reiterated Rating||Hold||$4.00|
|8/25/2016||Deutsche Bank AG||Boost Price Target||Buy||$5.00 -> $6.25|
|11/25/2015||FBR & Co||Lower Price Target||Market Perform||$8.50 -> $7.00|
Earnings History and Estimates Chart for Fifth Street Asset Management (OTCMKTS:FSAM)
Earnings History by Quarter for Fifth Street Asset Management (OTCMKTS FSAM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/21/2017||Q4 2016||$0.14||$0.14||$17.89 million||View||N/A|
|11/21/2016||Q3 2016||$0.15||$0.20||$21.80 million||$22.50 million||View||Listen|
|8/15/2016||Q2||$0.12||$0.20||$21.40 million||$23.15 million||View||Listen|
|5/16/2016||Q1||$0.14||$0.12||$26.28 million||$19.05 million||View||Listen|
|3/17/2016||Q315||$0.17||$0.18||$24.71 million||$22.90 million||View||Listen|
|11/23/2015||Q3||$0.19||$0.18||$25.61 million||$24.96 million||View||Listen|
|8/13/2015||Q2||$0.19||$0.19||$26.20 million||$24.20 million||View||Listen|
|5/15/2015||Q115||$0.23||$0.19||$30.75 million||$24.87 million||View||Listen|
|3/30/2015||Q414||$0.25||$0.26||$27.68 million||$30.34 million||View||Listen|
Earnings Estimates for Fifth Street Asset Management (OTCMKTS:FSAM)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Fifth Street Asset Management (OTCMKTS:FSAM)
|Most Recent Dividend:||4/14/2017|
|Payout Ratio:||-178.57% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Fifth Street Asset Management (OTCMKTS FSAM)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Fifth Street Asset Management (OTCMKTS FSAM)
Insider Ownership Percentage: 85.40%
Institutional Ownership Percentage: 8.58%
Insider Trades by Quarter for Fifth Street Asset Management (OTCMKTS FSAM)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/30/2016||Nathaniel H August||Director||Sell||440,408||$5.13||$2,259,293.04|| |
|8/26/2016||Mangrove Partners Fund (Cayman||Major Shareholder||Sell||215,478||$5.07||$1,092,473.46|| |
|8/24/2016||Mangrove Partners Fund (Cayman||Major Shareholder||Sell||17,232||$5.12||$88,227.84|| |
|8/22/2016||Mangrove Partners Fund (Cayman||Major Shareholder||Sell||3,620||$5.01||$18,136.20|| |
|2/22/2016||David Einhorn||Major Shareholder||Sell||250,000||$3.41||$852,500.00|| |
|1/15/2016||Mangrove Partners Master Fund,||Major Shareholder||Buy||196,531||$2.44||$479,535.64|| |
|9/3/2015||Mark Jeffrey Gordon||Director||Buy||2,000||$7.98||$15,960.00|| |
|5/21/2015||Mark Jeffrey Gordon||Director||Buy||2,000||$9.48||$18,960.00|| |
|3/6/2015||Financial Managem Philadelphia||Major Shareholder||Sell||17,086||$12.29||$209,986.94|| |
|11/4/2014||Todd Owens||Insider||Buy||100,000||$17.00||$1,700,000.00|| |
|11/4/2014||Wayne Cooper||Director||Buy||10,000||$17.00||$170,000.00|| |
Latest Headlines for Fifth Street Asset Management (OTCMKTS FSAM)
Fifth Street Asset Management (OTCMKTS FSAM) Chart for Monday, November, 20, 2017