FS Investment Corporation (NYSE:FSIC) Director Michael J. Hagan purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $7.84 per share, for a total transaction of $235,200.00. Following the transaction, the director now owns 70,000 shares of the company’s stock, valued at approximately $548,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of FS Investment Corporation (NYSE FSIC) remained flat at $$7.80 during midday trading on Thursday. 1,860,600 shares of the stock traded hands, compared to its average volume of 1,146,753. FS Investment Corporation has a 12 month low of $7.65 and a 12 month high of $10.80. The firm has a market cap of $1,920.00, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 3.25 and a beta of 0.95. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74.

FS Investment (NYSE:FSIC) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. The business had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. analysts predict that FS Investment Corporation will post 0.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.76 annualized dividend and a dividend yield of 9.74%. FS Investment’s dividend payout ratio (DPR) is 100.00%.

Several analysts recently commented on the stock. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, October 10th. BidaskClub upgraded shares of FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, National Securities reiterated a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. FS Investment currently has an average rating of “Hold” and an average price target of $9.56.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc boosted its position in FS Investment by 1.8% during the third quarter. Commonwealth Equity Services Inc now owns 12,467,400 shares of the financial services provider’s stock worth $105,349,000 after acquiring an additional 220,296 shares during the last quarter. Muzinich & Co. Inc. boosted its position in FS Investment by 2.0% during the second quarter. Muzinich & Co. Inc. now owns 9,670,172 shares of the financial services provider’s stock worth $88,482,000 after acquiring an additional 193,652 shares during the last quarter. Ameriprise Financial Inc. boosted its position in FS Investment by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 2,418,770 shares of the financial services provider’s stock worth $20,196,000 after acquiring an additional 19,363 shares during the last quarter. Private Advisor Group LLC boosted its position in FS Investment by 6.7% during the third quarter. Private Advisor Group LLC now owns 2,218,069 shares of the financial services provider’s stock worth $19,186,000 after acquiring an additional 139,059 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in FS Investment by 16.7% during the third quarter. Advisor Group Inc. now owns 1,743,026 shares of the financial services provider’s stock worth $14,728,000 after acquiring an additional 249,179 shares during the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

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About FS Investment

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 (NYSE:FSIC)

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