FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman acquired 6,600 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were purchased at an average price of $7.49 per share, with a total value of $49,434.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
FS Investment Co. (NYSE:FSIC) remained flat at $$7.65 during midday trading on Thursday. 1,045,000 shares of the company were exchanged, compared to its average volume of 1,972,686. FS Investment Co. has a twelve month low of $7.32 and a twelve month high of $10.80. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1,900.00, a PE ratio of 8.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94.
FS Investment (NYSE:FSIC) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $103.69 million during the quarter, compared to the consensus estimate of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. equities analysts expect that FS Investment Co. will post 0.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend was Tuesday, December 19th. FS Investment’s dividend payout ratio is presently 85.39%.
A number of institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in FS Investment by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock valued at $151,000 after buying an additional 362 shares during the last quarter. McAdam LLC lifted its stake in FS Investment by 1.5% in the second quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock valued at $241,000 after buying an additional 389 shares during the last quarter. Advisory Services Network LLC lifted its stake in FS Investment by 3.6% in the second quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after buying an additional 400 shares during the last quarter. Cetera Investment Advisers lifted its stake in FS Investment by 10.6% in the second quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock valued at $141,000 after buying an additional 1,485 shares during the last quarter. Finally, BlueCrest Capital Management Ltd lifted its stake in FS Investment by 7.7% in the second quarter. BlueCrest Capital Management Ltd now owns 27,323 shares of the financial services provider’s stock valued at $250,000 after buying an additional 1,942 shares during the last quarter. 32.36% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment and gave the stock a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub raised shares of FS Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, National Securities restated a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. FS Investment currently has an average rating of “Hold” and a consensus price target of $9.56.
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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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