FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman purchased 33,500 shares of FS Investment stock in a transaction that occurred on Wednesday, February 7th. The shares were bought at an average cost of $7.45 per share, for a total transaction of $249,575.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of FS Investment Co. (FSIC) remained flat at $$7.45 on Wednesday. 1,583,288 shares of the company traded hands, compared to its average volume of 1,717,674. FS Investment Co. has a 1-year low of $7.05 and a 1-year high of $10.80. The company has a market capitalization of $1,806.08, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 3.15 and a beta of 0.93. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.74.
Several research firms recently commented on FSIC. Zacks Investment Research lowered FS Investment from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine lowered FS Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet lowered FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. National Securities raised FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Finally, BidaskClub lowered FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.42.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC raised its position in shares of FS Investment by 3.6% in the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 400 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of FS Investment during the 2nd quarter valued at approximately $111,000. Lakeview Capital Partners LLC acquired a new stake in shares of FS Investment during the 3rd quarter valued at approximately $108,000. Capital Analysts LLC acquired a new stake in shares of FS Investment during the 4th quarter valued at approximately $1,115,000. Finally, Lehman Financial Resources Inc. acquired a new stake in shares of FS Investment during the 4th quarter valued at approximately $103,000. 31.96% of the stock is currently owned by institutional investors.
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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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