Fifth Street Asset Management Inc. (Nasdaq: FSAM), which went public Oct. 30, has increased revenue and is looking to expand business lines and open an office in Japan, CEO Leonard Tannenbaum said while announcing earnings for the third quarter, which ended Sept. 30. 

FSAM earned $25.4 million in the third quarter, an increase of $7.8 million or, 44 percent, from the second quarter, according to a Dec. 15 filing with the U.S. Securities and Exchange Commission. The firm's pro forma adjusted net income also increased to $11.8 million, or $0.24 per share, from $9.7 million or $0.19 per share in the second quarter. The company is expected to issue a $0.30 dividend for the fourth quarter.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.