Insider Buying: David J. Adelman Purchases 3,700 Shares of FS Investment Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director David J. Adelman purchased 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $10.35 per share, for a total transaction of $38,295.00. Following the purchase, the director now directly owns 34,063 shares in the company, valued at approximately $352,552. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on FSIC shares. 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 down 1.63% during mid-day trading on Friday, hitting $10.25. 1,687,054 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 $10.3.
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 8.55%. The ex-dividend date is Thursday, August 21st.
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