Insider Buying: FS Investment Director Acquires 132,137 Shares of Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director David J. Adelman purchased 132,137 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $10.33 per share, with a total value of $1,364,975.21. Following the transaction, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $351,871. The purchase was disclosed in a document filed with the SEC, which is available at this link.
FS Investment (NASDAQ:FSIC) traded down 0.48% on Tuesday, hitting $10.31. 1,073,824 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 $10.4 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 8.60%. The ex-dividend date of this dividend is Thursday, August 21st.
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.
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