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.

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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.

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