Stock in Limelight: FS Investment Corp (FSIC)

It primarily originates and invests in senior secured loans and other securities of private USA companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. Past 5 years growth of FS Investment Corp (NYSE:FSIC) observed at 22.98%, looking forward for the next 5 years it has a strong prediction of 3% over growth.

A number of analysts have recently weighed in on FSIC shares. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $10.00 target price on shares of FS Investment Corporation in a research note on Friday, April 28th. Barclays lowered the price target and downgraded the stock on September 7 changing the price objective from $10.00 to $9.00 and changing the rating from "Overweight" to "Equal-weight". BidaskClub raised FS Investment Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company.

Taking a broader look at the analyst consensus, according to 6 analysts FS Investment Corp (NYSE:FSIC)'s price will reach at $9.75 during 52 weeks.

Shares of FS Investment Corporation (NYSE:FSIC) reached a new 52-week low during mid-day trading on Wednesday.

The stock last traded at $8.40 a great deal lower than the 50 day moving average which is $9.06 and which is significantly lower than the 200 day moving average of $9.61. Its return on investment ratio was 5.20% in the trailing 12 months period. Private Advisor Group, LLC augmented its investment by buying 153,798 shares an increase of 8.0% as of 06/30/2017. However a year ago for the same quarter the company has reported $0.47 EPS. BDO Wealth Advisors bought a new stake in FS Investment Corporation through out the Fiscal Q2 valued roughly $103,000. The business had revenue of $98.70 million for the quarter, compared to analysts' expectations of $103.14 million. On average, equities analysts anticipate that FS Investment Corporation will post $0.78 earnings per share for the current year.


TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright law.

On August 9, 2017, FS Investment Corporation (the "Company") issued a press release (the "Press Release") providing an overview of its operating results for the quarter ended June 30, 2017. Stockholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 10.61%. "(C) Ex-Dividend Date Scheduled for August 03, 2017" on August 02, 2017. FS Investment Corporation's dividend payout ratio is presently 58.55%.

In other FS Investment Corporation news, CEO Michael C. Forman purchased 17,100 shares of FS Investment Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $8.88 per share, for a total transaction of $198,201.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was acquired at an average price of $8.88 per share, for a total transaction of $99,100.80. Following the completion of the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. Over the last 90 days, insiders have acquired 38,880 shares of company stock valued at $345,560. Private Advisor Group, LLC grew its ownership by buying 153,798 shares an increase of 8.0%.

Several hedge funds have recently made changes to their positions in the stock. Lastly, JPMorgan Chase bought a new stake in FS Investment Corporation during the Q1 valued roughly $122,000. large institution funds own 31.84% of the firms stock. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter. FS Investment Corporation earned a coverage optimism score of 0.33 on Accern's scale. The institutional investor owned 356,793 shares of the financial services provider's stock after selling 220,900 shares during the period. These holdings make up 28.83% of the company's outstanding shares. Bank of Nova Scotia now owns 413,000 shares of the financial services provider's stock worth $4,047,000 after buying an additional 100,000 shares during the last quarter. CWM LLC increased its stake in shares of FS Investment Corporation by 206.1% in the first quarter.

Related news:

Hot News

isis-killer-beheading-video-story-top Facebook sneaks into China with photo sharing app
Aug 12, 2017 - 23:13
And it appears the country has been vamping up their already frequent censorship initiatives even more so recently. The stealthy and anonymous release of an app by a major foreign technology company in China is unprecedented.

isis-killer-beheading-video-story-top Brighton & Hove Albion v Manchester City - fans' View
Aug 12, 2017 - 23:01
ESPN's first question was obviously about his price, as they call him "the most expensive goalkeeper ever". All of my family wanted me to see me with this shirt more.

isis-killer-beheading-video-story-top Chelsea to make £27 million bid for Leicester City midfielder
Aug 12, 2017 - 22:55
But Leicester could put up a fight for Drinkwater and demand the £40m Chelsea received from Manchester United for Nemanja Matic. Still, the Blues could offer the 27-year-old greater wages, as well as another chance to play in the UEFA Champions League.

isis-killer-beheading-video-story-top PM calls for efforts to ensure promotion of economic activities in Karachi
Aug 12, 2017 - 22:55
Abbasi further said that Rangers will continue their work in Karachi and would be given any assistance or support that they need. He laid a floral wreath at the mausoleum and offered Fateha to pay homage and respect to the father of the nation.

isis-killer-beheading-video-story-top Alexis Sanchez out for ´a while´, confirms Wenger
Aug 12, 2017 - 22:47
Aside from Mesut Özil and Alexis Sanchez , one player whose future is surrounded in unknowns is Alex Oxlade-Chamberlain. I just think we are not open - what I said many times - to any offers, anyway. "He is focused.

This is why Littlefinger panicked when Bran said 'chaos is a ladder'
Aug 12, 2017 - 22:42
And maybe crack a smile once in a while, but we can't expect miracles. Bran's strength lies in his mind, "j$3 ust like Samwell Tarly".

isis-killer-beheading-video-story-top Trump praises new United Nations sanctions on North Korea
Aug 12, 2017 - 22:35
China, which holds enormous financial leverage against North Korea, joined the other members of the council in the 15-0 vote. While North Korea regularly threatens to destroy the United States and its allies, the report was unusual in its detail.

isis-killer-beheading-video-story-top Chelsea set Premier League first with opening-day indiscipline
Aug 12, 2017 - 22:33
Mauricio Pellegrino had to settle for a point in his first match as Southampton manager as his side wasted a series of chancs. Boga was surprisingly named in the starting line-up for Chelsea's opening game of the season at home to Burnley .

isis-killer-beheading-video-story-top Fresh floods hit Assam, 11 lakh people affected in 19 districts
Aug 12, 2017 - 22:29
A total of 124 animals including 9 one horned rhinos were died in the world heritage site in the first wave of flood. He also announced a package of Rs 2,000 crore for the flood and landslide-affected states of the region.

isis-killer-beheading-video-story-top Usher was in hotel on night woman said he had sex
Aug 12, 2017 - 22:26
In a report from TMZ , a supposed employee at the hotel says that Usher did indeed make his way to the hotel to meet Sharpton. There is photo proof of Sharpton at the concert as she snapped a pic with Usher's opening act, August Alsina .

isis-killer-beheading-video-story-top Donald Trump to call for China IT trade probe on Monday
Aug 12, 2017 - 22:22
The announcement will come amid rising tensions between the USA and North Korea. The administration has been eyeing other moves to rebalance the U.S.

isis-killer-beheading-video-story-top Keith Ellison Says Kim Jong Un 'Acting More Responsible' Than Trump
Aug 12, 2017 - 22:09
The Republican National Committee's rapid-response director, Michael Ahrens, sent video of Ellison's remarks to reporters, calling it "insane", according to The Washington Post .

isis-killer-beheading-video-story-top Joss Whedon Adjusting the Tone of "Justice League" Movie
Aug 12, 2017 - 21:54
Now, with Joss Whedon taking the reins and WB's superhero film slate in flux, that no longer appears to be the case. The executive producers are Jim Rowe, Wesley Coller, Curt Kanemoto, Chris Terrio and Ben Affleck .

isis-killer-beheading-video-story-top Bucs 2016 2nd Round Pick K Roberto Aguayo Misses Another Extra Point
Aug 12, 2017 - 21:40
Asked if he thought he may have cost himself a job with Friday's performance, Aguayo said, "You wanted to come out and be ideal ". On Friday night, he continued his struggles by missing two kicks in the Bucs' preseason opener, including an extra point.

isis-killer-beheading-video-story-top Tonnes Of Contaminated Eggs Sold In Denmark
Aug 12, 2017 - 21:40
Britain, France, Sweden and Switzerland have all been warned to keep an eye out for tainted eggs arriving in their countries. Products will be withdrawn due to the chemical's unauthorized status, rather than a specific safety concern.