FS Investment Corporation (NYSE:FSIC) received a $9.00 price objective from equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 4.05% from the company’s previous close.

Several other research firms also recently weighed in on FSIC. BidaskClub upgraded FS Investment Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded FS Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. National Securities reiterated a “neutral” rating and set a $10.00 target price on shares of FS Investment Corporation in a research report on Monday, August 14th. Finally, ValuEngine downgraded FS Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.75.

Shares of FS Investment Corporation (NYSE:FSIC) traded down 0.289% on Thursday, reaching $8.625. 800,727 shares of the company’s stock were exchanged. FS Investment Corporation has a one year low of $7.95 and a one year high of $10.80. The company’s 50 day moving average is $8.26 and its 200-day moving average is $9.03.

FS Investment Corporation (NYSE:FSIC) last released its 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 return on equity of 8.92% and a net margin of 59.88%. The business had revenue of $98.70 million for the quarter, compared to the consensus estimate of $103.14 million. On average, equities analysts predict that FS Investment Corporation will post $0.73 earnings per share for the current fiscal year.

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In related news, CEO Michael C. Forman bought 17,100 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $8.41 per share, for a total transaction of $143,811.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have bought 21,575 shares of company stock worth $181,177. Insiders own 1.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Tealwood Asset Management Inc. purchased a new stake in shares of FS Investment Corporation during the third quarter worth about $100,000. BDO Wealth Advisors LLC purchased a new stake in shares of FS Investment Corporation during the second quarter worth about $103,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of FS Investment Corporation by 4.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,508 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 498 shares during the last quarter. Paragon Capital Management Ltd grew its stake in shares of FS Investment Corporation by 8.0% during the third quarter. Paragon Capital Management Ltd now owns 11,027 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 818 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of FS Investment Corporation by 3.6% during the second quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 32.47% of the company’s stock.

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.

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