Fifth Street Asset Management Inc - Class A (FSAM) Plunges 42.22% on January 13

Equities Staff  |

Fifth Street Asset Management Inc - Class A (FSAM) had a rough trading day for Wednesday January 13 as shares tumbled 42.22%, or a loss of $-0.0114 per share, to close at $0.02. After opening the day at $0.02, shares of Fifth Street Asset Management Inc - Class A traded as high as $0.02 and as low as $0.02. Volume was 702 shares over 3 trades, against an average daily volume of n/a shares and a total float of 51.05 million.

As a result of the decline, Fifth Street Asset Management Inc - Class A now has a market cap of $796,357. In the last year, shares of Fifth Street Asset Management Inc - Class A have traded between a range of $1.86 and $0.02, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Fifth Street Asset Management Inc - Class A, check out Equities.com’s Stock Valuation Analysis report for FSAM.

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Fifth Street Asset Management Inc is an alternative asset manager that manages assets worth more than five billion dollars. These funds provide innovative and flexible financing solutions to small and mid-sized companies across their capital structures, primarily in connection with investments by private equity sponsors. The company 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. The company derives its revenues from management fees which are driven by the amount of the assets under management and quarterly investment performance of the Fifth Street Funds.

Fifth Street Asset Management Inc - Class A is based out of Greenwich, CT and has some 50 employees. Its CEO is Leonard M. Tannenbaum.

Fifth Street Asset Management Inc - Class A is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Fifth Street Asset Management Inc - Class A and to follow the company’s latest updates, you can visit the company’s profile page here: FSAM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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