FS Investment Director Gregory P. Chandler Buys 1,932 Shares (FSIC)
FS Investment (NASDAQ:FSIC) Director Gregory P. Chandler bought 1,932 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $10.35 per share, for a total transaction of $19,996.20. Following the purchase, the director now directly owns 1,449 shares in the company, valued at approximately $14,997. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FS Investment (NASDAQ:FSIC) opened at 10.30 on Friday. FS Investment has a 1-year low of $9.82 and a 1-year high of $10.75. The stock’s 50-day moving average is $10.49 and its 200-day moving average is $10.38.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 25th will be given a dividend of $0.0743 per share. This represents a $0.89 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Thursday, August 21st.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of FS Investment in a research note on Tuesday, July 1st. They set an “outperform” rating on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of FS Investment in a research note on Tuesday, June 17th. They set an “outperform” rating and a $11.75 price target on the stock.
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