FS Investment Co. (NYSE:FSIC) Director Thomas Gravina bought 5,000 shares of FS Investment stock in a transaction dated Tuesday, January 2nd. The shares were acquired at an average cost of $7.54 per share, for a total transaction of $37,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
FS Investment Co. (FSIC) traded up $0.10 during midday trading on Wednesday, hitting $7.65. The company had a trading volume of 2,216,772 shares, compared to its average volume of 2,454,050. 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 Co. has a one year low of $7.32 and a one year high of $10.80. The company has a market capitalization of $1,880.00, a price-to-earnings ratio of 8.60, a PEG ratio of 3.09 and a beta of 0.94.
FS Investment (NYSE:FSIC) last released its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. The company had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. research analysts predict that FS Investment Co. will post 0.8 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in FSIC. Advisory Services Network LLC boosted its holdings in FS Investment by 3.6% in 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 in the last quarter. Lakeview Capital Partners LLC bought a new stake in FS Investment in the third quarter worth $108,000. Shelton Capital Management bought a new stake in FS Investment in the second quarter worth $111,000. Regal Investment Advisors LLC bought a new stake in FS Investment in the third quarter worth $130,000. Finally, Belpointe Asset Management LLC bought a new stake in FS Investment in the third quarter worth $132,000. 32.36% of the stock is currently owned by institutional investors and hedge funds.
FSIC has been the topic of several research reports. Keefe, Bruyette & Woods set a $9.00 price target on FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded 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 FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded FS Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, National Securities restated a “neutral” rating and set a $10.00 price target on shares of FS Investment in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. FS Investment presently has an average rating of “Hold” and a consensus target price of $9.56.
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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.
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