FS Investment Director Buys $1,172,866 in Stock (FSIC)
FS Investment (NASDAQ:FSIC) Director David J. Adelman bought 113,760 shares of FS Investment stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $10.31 per share, with a total value of $1,172,865.60. Following the acquisition, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $351,190. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on FSIC. 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 0.29% on Tuesday, hitting $10.42. The stock had a trading volume of 1,782,986 shares. FS Investment has a one year low of $9.82 and a one year high of $10.75. The stock has a 50-day moving average of $10.48 and a 200-day moving average of $10.38.
FS Investment (NASDAQ:FSIC) last released its earnings data on Monday, August 18th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.02. Analysts expect that FS Investment will post $1.00 EPS for the current fiscal year.
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 8.55%. The ex-dividend date of this dividend is Thursday, August 21st.
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