FS Investment Co. (NYSE:FSIC) Director Barry Frank acquired 1,152 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average price of $9.84 per share, for a total transaction of $11,335.68. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of FS Investment Co. (NYSE:FSIC) traded up 0.491% on Monday, reaching $9.775. 215,551 shares of the company were exchanged. The firm’s 50 day moving average price is $10.32 and its 200 day moving average price is $9.96. FS Investment Co. has a 52 week low of $8.03 and a 52 week high of $10.80.
FS Investment (NYSE:FSIC) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. FS Investment had a net margin of 38.26% and a return on equity of 9.68%. Equities analysts predict that FS Investment Co. will post $0.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Wednesday, March 22nd will be issued a $0.2228 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Monday, March 20th. FS Investment’s dividend payout ratio is currently 130.88%.
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Several large investors have recently made changes to their positions in the stock. Tealwood Asset Management Inc. purchased a new stake in shares of FS Investment during the third quarter worth about $100,000. Paragon Capital Management Ltd raised its stake in shares of FS Investment by 8.0% in the third quarter. Paragon Capital Management Ltd now owns 11,027 shares of the company’s stock worth $104,000 after buying an additional 818 shares in the last quarter. Telos Capital Management Inc. purchased a new stake in shares of FS Investment during the third quarter worth about $108,000. Koch Industries Inc. purchased a new stake in shares of FS Investment during the fourth quarter worth about $109,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of FS Investment by 0.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,567 shares of the company’s stock worth $110,000 after buying an additional 59 shares in the last quarter. 32.41% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on FSIC. Janney Montgomery Scott began coverage on shares of FS Investment in a research note on Tuesday, January 24th. They issued a “neutral” rating and a $10.00 target price on the stock. Zacks Investment Research downgraded shares of FS Investment from a “hold” rating to a “sell” rating in a research note on Monday, March 6th. National Securities upped their target price on shares of FS Investment from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, March 6th. TheStreet downgraded shares of FS Investment from a “b” rating to a “c” rating in a research note on Wednesday, January 11th. Finally, Wells Fargo & Co downgraded shares of FS Investment from an “outperform” rating to a “market perform” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. FS Investment currently has a consensus rating of “Hold” and a consensus price target of $9.92.
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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