FS Investment Co. (FSIC) CEO Purchases $123,975.00 in Stock

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman bought 17,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $7.25 per share, for a total transaction of $123,975.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of FS Investment Co. (NYSE:FSIC) traded down $0.05 during trading on Friday, reaching $7.25. The company had a trading volume of 1,773,473 shares, compared to its average volume of 1,759,942. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 8.15, a P/E/G ratio of 3.22 and a beta of 0.93. FS Investment Co. has a 1-year low of $7.05 and a 1-year high of $10.80. 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 issued its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. research analysts anticipate that FS Investment Co. will post 0.8 EPS for the current fiscal year.

Several research analysts recently issued reports on FSIC shares. Zacks Investment Research cut FS Investment from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. BidaskClub cut FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. National Securities reaffirmed a “neutral” rating and set a $10.00 target price on shares of FS Investment in a research report on Monday, November 13th. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet cut FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.42.

A number of institutional investors have recently modified their holdings of FSIC. Strategic Wealth Advisors Group LLC lifted its holdings in FS Investment by 673.1% during the third quarter. Strategic Wealth Advisors Group LLC now owns 974,141 shares of the financial services provider’s stock worth $8,231,000 after acquiring an additional 848,144 shares during the period. Oak Point Wealth Management bought a new stake in FS Investment during the fourth quarter worth $2,461,000. Virtu Financial LLC lifted its holdings in FS Investment by 2,436.5% during the fourth quarter. Virtu Financial LLC now owns 316,096 shares of the financial services provider’s stock worth $2,324,000 after acquiring an additional 303,634 shares during the period. Koch Industries Inc. lifted its holdings in FS Investment by 737.1% during the second quarter. Koch Industries Inc. now owns 300,044 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 264,201 shares during the period. Finally, Advisor Group Inc. lifted its holdings 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 period. Institutional investors and hedge funds own 32.19% 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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