Fifth Street Asset Management Inc. (FSAM) Director Sells $81,400.00 in Stock

Fifth Street Asset Management Inc. (OTCMKTS:FSAM) Director Thomas L. Harrison sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $4.07, for a total value of $81,400.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $81,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Fifth Street Asset Management Inc. (FSAM) traded up $0.05 during mid-day trading on Monday, reaching $4.10. The company had a trading volume of 16,480 shares, compared to its average volume of 151,844. Fifth Street Asset Management Inc. has a 12-month low of $3.35 and a 12-month high of $8.45. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of -0.06. The stock has a market cap of $83.36, a price-to-earnings ratio of 10.66 and a beta of 0.34.

A number of hedge funds have recently bought and sold shares of FSAM. Bank of New York Mellon Corp lifted its stake in shares of Fifth Street Asset Management by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 25,474 shares of the asset manager’s stock worth $117,000 after purchasing an additional 302 shares during the period. Northern Trust Corp lifted its stake in shares of Fifth Street Asset Management by 2.4% during the 2nd quarter. Northern Trust Corp now owns 63,565 shares of the asset manager’s stock worth $309,000 after purchasing an additional 1,520 shares during the period. FNY Partners Fund LP purchased a new position in shares of Fifth Street Asset Management during the 2nd quarter worth $311,000. Dimensional Fund Advisors LP lifted its stake in shares of Fifth Street Asset Management by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 71,253 shares of the asset manager’s stock worth $346,000 after purchasing an additional 8,371 shares during the period. Finally, State Street Corp lifted its stake in shares of Fifth Street Asset Management by 4.1% during the 2nd quarter. State Street Corp now owns 113,989 shares of the asset manager’s stock worth $551,000 after purchasing an additional 4,471 shares during the period. 8.59% of the stock is currently owned by hedge funds and other institutional investors.

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About Fifth Street Asset Management

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).

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