Insider Buying: FS Investment Director Acquires 3,700 Shares of Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director David J. Adelman acquired 3,700 shares of FS Investment stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $10.35 per share, with a total value of $38,295.00. Following the completion of the purchase, the director now directly owns 34,063 shares in the company, valued at approximately $352,552. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Shares of 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 1-year low of $9.82 and a 1-year high of $10.75. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $10.38.
The company also recently announced a monthly dividend, which is scheduled for Wednesday, September 3rd. Investors 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 8.69%. The ex-dividend date is Thursday, August 21st.
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