FS Investment Co. (FSIC) CEO Purchases $249,575.00 in Stock

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman acquired 33,500 shares of FS Investment stock in a transaction that occurred on Wednesday, February 7th. The stock was acquired at an average cost of $7.45 per share, with a total value of $249,575.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FS Investment Co. (NYSE FSIC) remained flat at $$7.50 on Wednesday. The stock had a trading volume of 2,310,000 shares, compared to its average volume of 1,940,000. FS Investment Co. has a 12-month low of $7.05 and a 12-month 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. The company has a market capitalization of $1,840.00, a PE ratio of 8.43, a P/E/G ratio of 3.07 and a beta of 0.93.

FS Investment (NYSE:FSIC) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $97.03 million. sell-side analysts predict that FS Investment Co. will post 0.8 earnings per share for the current year.

FSIC has been the subject of several research analyst reports. Zacks Investment Research raised FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Monday, November 13th. National Securities raised FS Investment from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet downgraded FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. Finally, BidaskClub downgraded FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.42.

Several institutional investors and hedge funds have recently bought and sold shares of FSIC. McAdam LLC increased its holdings in shares of FS Investment by 1.5% during the 2nd quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 389 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of FS Investment by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 400 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of FS Investment by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 1,485 shares during the last quarter. BlueCrest Capital Management Ltd increased its holdings in shares of FS Investment by 7.7% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 27,323 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of FS Investment by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 254,724 shares of the financial services provider’s stock valued at $2,330,000 after acquiring an additional 5,104 shares during the last quarter. 32.19% of the stock is owned by institutional investors.

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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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