FS Investment Corporation (NYSE:FSIC) CEO Michael C. Forman purchased 2,079 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $8.35 per share, for a total transaction of $17,359.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of FS Investment Corporation (NYSE:FSIC) traded down 1.17% on Thursday, hitting $8.45. 1,356,030 shares of the stock were exchanged. FS Investment Corporation has a 52-week low of $8.30 and a 52-week high of $10.80. The company has a 50 day moving average of $8.96 and a 200 day moving average of $9.53.

FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.01. FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $103.14 million. Analysts predict that FS Investment Corporation will post $0.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be issued a $0.2228 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.89 annualized dividend and a yield of 10.54%. FS Investment Corporation’s payout ratio is 87.26%.

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A number of large investors have recently added to or reduced their stakes in FSIC. Sumitomo Mitsui Trust Holdings Inc. increased its stake in FS Investment Corporation by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock valued at $151,000 after buying an additional 362 shares during the last quarter. Advisory Services Network LLC increased its stake in FS Investment Corporation by 3.6% in the second quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after buying an additional 400 shares during the last quarter. First Heartland Consultants Inc. increased its stake in FS Investment Corporation by 1.4% in the first quarter. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider’s stock valued at $297,000 after buying an additional 425 shares during the last quarter. HighTower Advisors LLC increased its stake in FS Investment Corporation by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock valued at $573,000 after buying an additional 579 shares during the last quarter. Finally, Exencial Wealth Advisors LLC increased its stake in FS Investment Corporation by 4.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,311 shares of the financial services provider’s stock valued at $147,000 after buying an additional 650 shares during the last quarter. Institutional investors own 32.30% of the company’s stock.

A number of brokerages have recently issued reports on FSIC. National Securities restated a “neutral” rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Monday. Zacks Investment Research downgraded shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of FS Investment Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.80.

FS Investment Corporation Company Profile

FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

Insider Buying and Selling by Quarter for FS Investment Corporation (NYSE:FSIC)

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