5th St. Asset Management Receives a Hold from Credit Suisse

By Jason Carr

Credit Suisse analyst Craig Siegenthaler reiterated a Hold rating on 5th St. Asset Management (NASDAQ: FSAM) on November 3 and set a price target of $4. The company’s shares closed last Friday at $4.80.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

5th St. Asset Management has an analyst consensus of Moderate Buy, with a price target consensus of $6.25.

Based on 5th St. Asset Management’s latest earnings report from June 30, the company posted quarterly revenue of $23.15M and quarterly net profit of $776.3K. In comparison, last year the company earned revenue of $24.96M and had a net profit of $1.17M.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock.

Fifth Street Asset Management, Inc. engages in the provision of asset management services to alternative investment vehicles. It offers banking solutions to small and mid-sized companies across their capital structure, primarily in connection with investments by private equity sponsors. It also provides innovative and customized credit solutions across the capital structure, including one-stop financing, unitranche debt, senior secured debt, mezzanine debt, equity co-investments, healthcare asset-backed lending and venture debt financing. The company was founded on May 8, 2014 and is headquartered in Greenwich, CT.