FS Investment Co. (FSIC) CEO Michael C. Forman Acquires 16,800 Shares

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman bought 16,800 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $7.33 per share, with a total value of $123,144.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of FS Investment Co. (NYSE FSIC) traded up $0.10 during trading hours on Tuesday, hitting $7.45. The stock had a trading volume of 1,205,793 shares, compared to its average volume of 1,722,160. FS Investment Co. has a twelve month low of $7.05 and a twelve month high of $10.80. The stock has a market cap of $1,781.51, a P/E ratio of 8.28, a PEG ratio of 3.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12.

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc increased its holdings in shares of FS Investment by 1.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 12,467,400 shares of the financial services provider’s stock valued at $105,349,000 after acquiring an additional 220,296 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of FS Investment by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,770 shares of the financial services provider’s stock valued at $20,196,000 after acquiring an additional 19,363 shares during the period. Private Advisor Group LLC increased its holdings in shares of FS Investment by 6.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,218,069 shares of the financial services provider’s stock valued at $19,186,000 after acquiring an additional 139,059 shares during the period. Advisor Group Inc. increased its holdings in shares of FS Investment by 16.7% in the 3rd quarter. Advisor Group Inc. now owns 1,743,026 shares of the financial services provider’s stock valued at $14,728,000 after acquiring an additional 249,179 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of FS Investment by 7.9% in the 4th quarter. BlackRock Inc. now owns 1,559,269 shares of the financial services provider’s stock valued at $11,461,000 after acquiring an additional 114,056 shares during the period. Institutional investors and hedge funds own 31.96% of the company’s stock.

FSIC has been the subject of a number of research analyst reports. Zacks Investment Research lowered FS Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. National Securities raised FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine upgraded FS Investment from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub downgraded FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, TheStreet downgraded FS Investment from a “b-” rating to a “c+” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. FS Investment currently has a consensus rating of “Hold” and an average price target of $9.42.

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FS Investment Company Profile

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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