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Stock in Limelight: FS Investment Corp (FSIC)

Stock in Limelight: FS Investment Corp (FSIC)

Mackenzie Financial Corp boosted its stake in shares of FS Investment Corporation by 62.0% in the first quarter. For the next year, analysts forecast that the firm will post sales of $420.41 million per share, with estimates ranging from $397.00 million to $445.12 million.

FS Investment Corporation (NYSE:FSIC) last released its quarterly earnings data on Wednesday, August 9th. Private Advisor Group, LLC augmented its investment by buying 153,798 shares an increase of 8.0% as of 06/30/2017. The financial services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.01. First Financial Equity Corporation bought a new position in shares of FS Investment Corporation during the first quarter valued at $177,000.

Several analysts have issued reports on FSIC shares. Zacks Investment Research downgraded FS Investment Corporation from a "buy" rating to a "hold" rating in a report on Friday, May 12th.

FS Investment Corporation (FSIC) now has P/E (Price to Earnings) ratio of 5.73 while the company's industry has 7.56 P/E and the sector P/E is 22.54. On average, equities research analysts anticipate that FS Investment Corporation will post $0.84 earnings per share for the current fiscal year. They now have a $10.00 price target on the stock. Cantor Fitzgerald upgraded FS Investment Corporation (NYSE:FSIC) on Monday, January 11 to "Buy" rating. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Keefe Bruyette & Woods maintained it with "Hold" rating and $1000 target in Sunday, July 23 report. Sumitomo Mitsui Trust Holdings Inc. increased its position in FS Investment Corporation by 2.2% in the second quarter. The Company kept a record of 243.60 million floated shares and 245.15 million shares outstanding. FS Investment Corporation has a 52 week low of $8.30 and a 52 week high of $10.80. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in the Company's operations or the economy generally due to terrorism or natural disasters, future changes in laws or regulations and conditions in the Company's operating area, and the price at which shares of common stock may trade on the New York Stock Exchange.

The company also declared a dividend paid on Wednesday the 5th of July 2017. The ex-dividend date of this dividend is Tuesday, September 19th. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FS Investment Corporation by 16.8% in the first quarter.

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In related news, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. Following the completion of the acquisition, the director now directly owns 34,063 shares of the company's stock, valued at approximately $302,479.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The stock was acquired at an average cost of $8.88 per share, with a total value of $198,201.60. Insiders purchased 38,880 shares of company stock valued at $345,560 in the last three months. FS Investment Corporation's payout ratio is 87.26%. Corporate insiders own 1.00% of the company's stock.

Nomura Holdings Inc increased Fifth Third Bancorp (NASDAQ:FITB) stake by 69,847 shares to 101,978 valued at $2.75 million in 2016Q4. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter. Private Advisor Group LLC raised its stake in FS Investment Corporation by 6.4% in the first quarter. WealthPLAN Partners LLC now owns 485,724 shares of the financial services provider's stock valued at $4,444,000 after buying an additional 460,323 shares in the last quarter. Ameriprise Financial Inc. increased its position in FS Investment Corporation by 20.1% in the second quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSIC. First Pacific Advsrs Ltd Company reported 11.20M shares. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law.

FS Investment Corp (NYSE:FSIC) has average revenue estimates of $99.72 Million, compared to low analyst estimates of $95 Million and high estimates of $102.73 Million for the current quarter.


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