Headlines about FS Investment Corporation (NYSE:FSIC) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. FS Investment Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.8993237035556 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Form 8-K FS Investment Corp II For: Aug 11 (streetinsider.com)
- Hold stock analysis: Paychex, Inc. (PAYX) ,FS Investment Corporation (FSIC) – Street Observer (press release) (streetobserver.com)
- Form 8-K FS Investment Corp II For: Aug 11 – StreetInsider.com (streetinsider.com)
- FS Investment Corporation (NYSE:FSIC) Traded Much Lower Than Its 50 Day Average – Modern Readers (modernreaders.com)
- FS Investment Corp: Who Should Pay for Lower Returns? – Motley Fool (fool.com)
Several equities research analysts recently issued reports on FSIC shares. BidaskClub upgraded FS Investment Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. TheStreet upgraded FS Investment Corporation from a “c” rating to a “b” rating in a research note on Monday, April 17th. Keefe, Bruyette & Woods set a $10.00 target price on FS Investment Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, National Securities reiterated a “neutral” rating and issued a $10.00 price target on shares of FS Investment Corporation in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.83.
Shares of FS Investment Corporation (NYSE:FSIC) remained flat at $8.40 on Friday. 1,511,821 shares of the company’s stock traded hands. FS Investment Corporation has a 52-week low of $8.30 and a 52-week high of $10.80. The stock’s 50-day moving average price is $9.03 and its 200-day moving average price is $9.59.
FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $98.70 million during the quarter, compared to analysts’ expectations of $103.14 million. FS Investment Corporation had a return on equity of 8.92% and a net margin of 59.88%. On average, analysts forecast that FS Investment Corporation will post $0.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th will be issued a $0.2228 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.89 annualized dividend and a dividend yield of 10.61%. FS Investment Corporation’s dividend payout ratio (DPR) is presently 87.26%.
In other FS Investment Corporation news, CEO Michael C. Forman bought 17,100 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $8.41 per share, with a total value of $143,811.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David J. Adelman bought 11,160 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were acquired at an average cost of $8.88 per share, for a total transaction of $99,100.80. Following the transaction, the director now directly owns 34,063 shares in the company, valued at approximately $302,479.44. The disclosure for this purchase can be found here. Insiders have purchased a total of 55,980 shares of company stock valued at $489,371 in the last quarter. 1.00% of the stock is currently owned by company insiders.
FS Investment Corporation 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.
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