Insider Buying: Michael Heller Buys 4,784 Shares of FS Investment Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director Michael Heller acquired 4,784 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $10.39 per share, with a total value of $49,705.76. Following the acquisition, the director now directly owns 20,271 shares of the company’s stock, valued at approximately $210,616. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of FS Investment in a research note on Tuesday. They set an “outperform” rating and a $11.75 price target on the stock.
Shares of FS Investment (NASDAQ:FSIC) traded up 0.59% during mid-day trading on Tuesday, hitting $10.31. 812,807 shares of the company’s stock traded hands. FS Investment has a 52-week low of $9.82 and a 52-week high of $10.75. The stock’s 50-day moving average is $10.31 and its 200-day moving average is $10.3.
The company also recently announced a monthly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Tuesday, June 24th will be paid a dividend of $0.0743 per share. This represents a $0.89 annualized dividend and a dividend yield of 8.69%. The ex-dividend date is Friday, June 20th.
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