Fifth Street Asset Management (FSAM) Misses Q1 EPS by 2c
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Fifth Street Asset Management Inc. Announces First Quarter 2016 Results
May 16, 2016 5:28 PM EDTGREENWICH, CT, May 16, 2016 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ: FSAM) ("FSAM" or "we") today announced its financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Pro Forma Adjusted Net Income of $6.1 million, or $0.12 per share, versus Net Loss of $(11.1) million, or $(0.22) per share;Fee-earning Assets Under Management ("AUM") of $4.3 billion; andTotal revenues of $19.0 million, 89.7% of which were represented by management fees.Despite some volatility in the broader credit markets, we remain encouraged by and... More
