FS Investment (NYSE:FSIC) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Thursday, January 11th.
Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Monday, November 13th. National Securities upgraded shares of FS Investment from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub upgraded shares of FS Investment from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.56.
FS Investment (NYSE:FSIC) opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market cap of $1,867.51, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 3.19 and a beta of 0.94. FS Investment has a 12 month low of $7.32 and a 12 month high of $10.80.
FS Investment (NYSE:FSIC) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. The business had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. equities research analysts anticipate that FS Investment will post 0.8 earnings per share for the current fiscal year.
In other news, Director Thomas Gravina acquired 4,500 shares of FS Investment stock in a transaction that occurred on Thursday, January 4th. The shares were purchased at an average cost of $7.66 per share, for a total transaction of $34,470.00. Following the completion of the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $324,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Hagan bought 30,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $7.84 per share, for a total transaction of $235,200.00. Following the completion of the purchase, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $548,800. The disclosure for this purchase can be found here. Insiders acquired 107,512 shares of company stock valued at $816,937 in the last ninety days. 1.00% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in FSIC. Bank of New York Mellon Corp grew its holdings in FS Investment by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 254,724 shares of the financial services provider’s stock worth $2,330,000 after acquiring an additional 5,104 shares during the period. JPMorgan Chase & Co. increased its stake in FS Investment by 1,053.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 144,136 shares of the financial services provider’s stock worth $1,319,000 after purchasing an additional 131,638 shares in the last quarter. CIBC World Markets Inc. increased its stake in FS Investment by 139.3% in the 2nd quarter. CIBC World Markets Inc. now owns 115,649 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 67,319 shares in the last quarter. Alliancebernstein L.P. increased its stake in FS Investment by 2.4% in the 2nd quarter. Alliancebernstein L.P. now owns 361,117 shares of the financial services provider’s stock worth $3,304,000 after purchasing an additional 8,370 shares in the last quarter. Finally, Capital Fund Management S.A. increased its stake in FS Investment by 49.4% in the 2nd quarter. Capital Fund Management S.A. now owns 102,035 shares of the financial services provider’s stock worth $934,000 after purchasing an additional 33,735 shares in the last quarter. 32.43% of the stock is currently owned by hedge funds and other institutional investors.
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FS Investment Company Profile
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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