Insider Buying: Michael C. Forman Purchases 38,084 Shares of FS Investment Stock (FSIC)
FS Investment (NASDAQ:FSIC) CEO Michael C. Forman bought 38,084 shares of FS Investment stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $10.35 per share, with a total value of $394,169.40. Following the completion of the transaction, the chief executive officer now directly owns 124,497 shares of the company’s stock, valued at approximately $1,288,544. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FSIC has been the subject of a number of recent research reports. 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.
FS Investment (NASDAQ:FSIC) traded up 0.29% during mid-day trading on Friday, hitting $10.33. The stock had a trading volume of 698,073 shares. 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 $10.49 and its 200-day moving average is $10.38.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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 8.63%. The ex-dividend date of this dividend is Thursday, August 21st.
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