FS Investment CEO Buys $1,618,804 in Stock (FSIC)
FS Investment (NASDAQ:FSIC) CEO Michael C. Forman acquired 156,709 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $10.33 per share, for a total transaction of $1,618,803.97. Following the completion of the transaction, the chief executive officer now directly owns 124,497 shares of the company’s stock, valued at approximately $1,286,054. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of FS Investment (NASDAQ:FSIC) traded up 0.39% on Wednesday, hitting $10.3501. 318,305 shares of the company’s stock traded hands. FS Investment has a one year low of $9.82 and a one year 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 announced a monthly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Monday, August 25th will be paid a dividend of $0.0743 per share. This represents a $0.89 annualized dividend and a dividend yield of 8.64%. The ex-dividend date 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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