FS Investment (FSIC) Upgraded to “Buy” at ValuEngine

FS Investment (NYSE:FSIC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. National Securities reaffirmed a “neutral” rating and set a $10.00 price objective on shares of FS Investment in a research note on Monday, November 13th. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the stock a “hold” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.56.

Shares of FS Investment (NYSE FSIC) remained flat at $$8.10 during midday trading on Friday. The company had a trading volume of 1,695,504 shares, compared to its average volume of 1,431,805. The firm has a market cap of $1,990.37, a price-to-earnings ratio of 9.53, a PEG ratio of 3.38 and a beta of 0.95. FS Investment has a 52-week low of $7.65 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12.

FS Investment (NYSE:FSIC) last issued its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. sell-side analysts anticipate that FS Investment will post 0.8 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in FSIC. Strategic Wealth Advisors Group LLC lifted its position in shares of FS Investment by 673.1% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 974,141 shares of the financial services provider’s stock valued at $8,231,000 after buying an additional 848,144 shares in the last quarter. WealthPLAN Partners LLC lifted its position in shares of FS Investment by 1,812.2% during the 2nd quarter. WealthPLAN Partners LLC now owns 485,724 shares of the financial services provider’s stock valued at $4,444,000 after buying an additional 460,323 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FS Investment by 20.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,399,407 shares of the financial services provider’s stock valued at $21,943,000 after buying an additional 401,657 shares in the last quarter. Commerce Bank purchased a new position in shares of FS Investment during the 2nd quarter valued at approximately $3,213,000. Finally, Van ECK Associates Corp lifted its position in shares of FS Investment by 21.7% during the 2nd quarter. Van ECK Associates Corp now owns 1,672,044 shares of the financial services provider’s stock valued at $15,299,000 after buying an additional 298,166 shares in the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

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FS Investment 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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