Shares of FS Investment Co. (NYSE:FSIC) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.75.
A number of brokerages have recently weighed in on FSIC. National Securities reaffirmed a “neutral” rating and issued a $10.00 price target on shares of FS Investment in a research note on Monday, May 15th. Zacks Investment Research lowered shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.00 price target on shares of FS Investment in a research note on Friday, April 28th. TheStreet raised shares of FS Investment from a “c” rating to a “b” rating in a research note on Monday, April 17th. Finally, Wells Fargo & Co lowered shares of FS Investment from an “outperform” rating to a “market perform” rating in a research note on Friday, March 3rd.
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Shares of FS Investment (NYSE:FSIC) traded up 0.56% on Friday, reaching $9.05. 191,242 shares of the company’s stock were exchanged. FS Investment has a 1-year low of $8.03 and a 1-year high of $10.80. The stock’s 50-day moving average price is $9.60 and its 200-day moving average price is $9.99.
FS Investment (NYSE:FSIC) last posted its earnings results on Wednesday, May 10th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $106.06 million during the quarter, compared to analyst estimates of $101.94 million. FS Investment had a net margin of 38.26% and a return on equity of 9.68%. Analysts expect that FS Investment will post $0.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 21st will be paid a $0.2228 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Monday, June 19th. FS Investment’s dividend payout ratio is currently 130.88%.
Several hedge funds have recently modified their holdings of FSIC. Goldman Sachs Group Inc. raised its stake in shares of FS Investment by 53.2% in the first quarter. Goldman Sachs Group Inc. now owns 267,095 shares of the financial services provider’s stock worth $2,618,000 after buying an additional 92,778 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of FS Investment by 31.9% in the first quarter. 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 in the last quarter. First Financial Equity Corporation bought a new stake in shares of FS Investment during the first quarter worth $177,000. HighTower Advisors LLC raised its stake in shares of FS Investment by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock worth $573,000 after buying an additional 579 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of FS Investment during the first quarter worth $565,000. 32.41% of the stock is owned by institutional investors.
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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