FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman acquired 11,295 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $7.42 per share, with a total value of $83,808.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of FS Investment Co. (NYSE:FSIC) opened at $7.50 on Friday. 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 firm has a market cap of $1,842.94, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93. FS Investment Co. has a one year low of $7.05 and a one year high of $10.80.
Several research firms have weighed in on FSIC. ValuEngine downgraded shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of FS Investment from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. TheStreet downgraded shares of FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of FS Investment in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.42.
A number of institutional investors have recently bought and sold shares of FSIC. Millennium Management LLC lifted its stake in FS Investment by 9,310.6% in the fourth quarter. Millennium Management LLC now owns 3,158,473 shares of the financial services provider’s stock worth $23,215,000 after purchasing an additional 3,124,910 shares during the last quarter. Two Sigma Advisers LP lifted its stake in FS Investment by 452.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,418,955 shares of the financial services provider’s stock worth $10,429,000 after purchasing an additional 1,161,955 shares during the last quarter. Two Sigma Investments LP lifted its stake in FS Investment by 142.7% in the fourth quarter. Two Sigma Investments LP now owns 1,546,908 shares of the financial services provider’s stock worth $11,370,000 after purchasing an additional 909,539 shares during the last quarter. Strategic Wealth Advisors Group LLC lifted its stake in FS Investment by 673.1% in the third quarter. Strategic Wealth Advisors Group LLC now owns 974,141 shares of the financial services provider’s stock worth $8,231,000 after purchasing an additional 848,144 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of FS Investment by 970.2% during the fourth quarter. Citadel Advisors LLC now owns 629,118 shares of the financial services provider’s stock valued at $4,624,000 after acquiring an additional 570,335 shares during the last quarter. 31.96% of the stock is owned by institutional investors and hedge funds.
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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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