FS Investment Corporation (FSIC) Receives Average Recommendation of “Hold” from Analysts

FS Investment Corporation (NYSE:FSIC) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.67.

Several equities analysts have recently weighed in on FSIC shares. Zacks Investment Research lowered shares of FS Investment from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of FS Investment from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of FS Investment in a research report on Monday, November 13th. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th.

Several hedge funds have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new position in shares of FS Investment in the third quarter valued at about $132,000. Cetera Investment Advisers grew its stake in shares of FS Investment by 886.3% in the third quarter. Cetera Investment Advisers now owns 152,702 shares of the financial services provider’s stock valued at $1,297,000 after acquiring an additional 137,220 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of FS Investment by 231.2% in the third quarter. Wealthcare Advisory Partners LLC now owns 32,206 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 22,481 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of FS Investment by 13.6% in the third quarter. Neuberger Berman Group LLC now owns 443,360 shares of the financial services provider’s stock valued at $3,746,000 after acquiring an additional 53,110 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of FS Investment by 10.2% in the third quarter. California Public Employees Retirement System now owns 539,400 shares of the financial services provider’s stock valued at $4,558,000 after acquiring an additional 49,900 shares in the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

FS Investment (FSIC) traded down $0.05 during midday trading on Thursday, reaching $8.00. 1,345,800 shares of the company’s stock traded hands, compared to its average volume of 1,129,380. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. FS Investment has a 1 year low of $7.65 and a 1 year high of $10.80. The company has a market capitalization of $1,978.09, a price-to-earnings ratio of 9.47, a P/E/G ratio of 3.35 and a beta of 0.95.

FS Investment (NYSE:FSIC) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. sell-side analysts expect that FS Investment will post 0.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.50%. The ex-dividend date is Tuesday, December 19th. FS Investment’s payout ratio is presently 98.89%.

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About FS Investment

FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

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