FS Investment Co. (NYSE:FSIC) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.00.
Several brokerages recently weighed in on FSIC. Zacks Investment Research raised shares of FS Investment from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 20th. Barclays set a $7.00 target price on shares of FS Investment and gave the company a “hold” rating in a research note on Saturday, December 15th. ValuEngine lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 18th. Wells Fargo & Co lowered shares of FS Investment from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 4th. Finally, National Securities cut their target price on shares of FS Investment from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, November 12th.
In other news, CEO Michael C. Forman bought 1,122,607 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was acquired at an average cost of $5.15 per share, with a total value of $5,781,426.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.07% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Commerce Bank purchased a new stake in FS Investment during the third quarter valued at $127,000. Raymond James Trust N.A. purchased a new stake in shares of FS Investment in the third quarter valued at $134,000. HRT Financial LLC purchased a new stake in shares of FS Investment in the third quarter valued at $138,000. Trexquant Investment LP purchased a new stake in shares of FS Investment in the third quarter valued at $139,000. Finally, Tower Research Capital LLC TRC increased its stake in FS Investment by 85.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 22,205 shares of the financial services provider’s stock worth $163,000 after buying an additional 10,251 shares during the period. Hedge funds and other institutional investors own 29.47% of the company’s stock.
NYSE FSIC opened at $5.99 on Friday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 2.21 and a beta of 0.95. FS Investment has a fifty-two week low of $5.32 and a fifty-two week high of $8.24. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.75.
FS Investment (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. FS Investment had a negative net margin of 3.73% and a positive return on equity of 9.57%. The company had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $96.66 million. As a group, sell-side analysts predict that FS Investment will post 0.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 11th. This represents a $0.76 annualized dividend and a yield of 12.69%. FS Investment’s dividend payout ratio (DPR) is presently 91.57%.
About FS Investment
FS Investment Corp. is a externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
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