FS Investment Co. (FSIC) Receives $9.00 Consensus Target Price from Analysts

Shares of FS Investment Co. (NYSE:FSIC) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.00.

FSIC has been the subject of several recent analyst reports. Zacks Investment Research cut FS Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. National Securities upgraded FS Investment from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. ValuEngine upgraded FS Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet cut FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th.

In other FS Investment news, CEO Michael C. Forman bought 11,295 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $7.42 per share, for a total transaction of $83,808.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael C. Forman bought 16,531 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were acquired at an average price of $7.46 per share, with a total value of $123,321.26. The disclosure for this purchase can be found here. Insiders have acquired 206,667 shares of company stock valued at $1,549,210 over the last 90 days. Corporate insiders own 1.07% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake 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 acquiring an additional 400 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of FS Investment by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 1,485 shares during the last quarter. Gotham Asset Management LLC lifted its stake in shares of FS Investment by 21.2% in the 2nd quarter. Gotham Asset Management LLC now owns 31,009 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 5,416 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of FS Investment by 8.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 95,519 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 7,176 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of FS Investment by 21.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 54,672 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 9,500 shares during the last quarter. Institutional investors own 35.68% of the company’s stock.

FS Investment (FSIC) traded up $0.02 during midday trading on Tuesday, reaching $7.32. The company’s stock had a trading volume of 194,766 shares, compared to its average volume of 1,572,038. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. FS Investment has a 12-month low of $7.05 and a 12-month high of $10.80. The company has a market capitalization of $1,806.08, a PE ratio of 8.14, a PEG ratio of 3.15 and a beta of 0.93.

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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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