Zachary Klehr Buys 2,000 Shares of FS Investment Co. (FSIC) Stock

FS Investment Co. (NYSE:FSIC) insider Zachary Klehr purchased 2,000 shares of FS Investment stock in a transaction on Monday, February 5th. The stock was bought at an average price of $7.25 per share, with a total value of $14,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Zachary Klehr also recently made the following trade(s):

  • On Tuesday, January 2nd, Zachary Klehr purchased 2,000 shares of FS Investment stock. The stock was bought at an average price of $7.45 per share, with a total value of $14,900.00.

Shares of FS Investment Co. (NYSE FSIC) traded down $0.20 during midday trading on Monday, hitting $7.30. 2,625,088 shares of the stock were exchanged, compared to its average volume of 1,729,616. The firm has a market capitalization of $1,842.94, a PE ratio of 8.11, a P/E/G ratio of 3.15 and a beta of 0.93. FS Investment Co. has a 52-week low of $7.25 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $103.69 million during 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%. research analysts forecast that FS Investment Co. will post 0.8 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services Inc lifted its position in shares of 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 valued at $105,349,000 after purchasing an additional 220,296 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of 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 valued at $20,196,000 after purchasing an additional 19,363 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of 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 valued at $19,186,000 after purchasing an additional 139,059 shares in the last quarter. Advisor Group Inc. lifted its position in shares of 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 valued at $14,728,000 after purchasing an additional 249,179 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of FS Investment by 2.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,185,437 shares of the financial services provider’s stock valued at $10,017,000 after purchasing an additional 27,716 shares in the last quarter. Hedge funds and other institutional investors own 32.19% of the company’s stock.

A number of equities research analysts have commented on the stock. ValuEngine cut shares of FS Investment from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of FS Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. TheStreet cut shares of FS Investment from a “b-” rating to a “c+” rating in a report on Thursday, January 11th. BidaskClub cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, National Securities reiterated a “neutral” rating and set a $10.00 price objective on shares of FS Investment in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.42.

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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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