FS Investment (NYSE:FSIC) was upgraded by National Securities from a “neutral” rating to a “buy” rating in a report issued on Friday.
Several other brokerages have also issued reports on FSIC. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Tuesday, October 10th. ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub upgraded shares of FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods set a $9.00 target price on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.56.
Shares of FS Investment (NYSE:FSIC) opened at $7.80 on Friday. FS Investment has a 12 month low of $7.65 and a 12 month high of $10.80. The company has a market cap of $1,916.66, a P/E ratio of 9.18, a PEG ratio of 3.25 and a beta of 0.95. 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 announced its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. The firm had revenue of $103.69 million during the quarter, compared to analyst estimates of $97.03 million. research analysts anticipate that FS Investment will post 0.8 EPS for the current fiscal year.
In related news, Director Michael J. Hagan bought 30,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $7.84 per share, with a total value of $235,200.00. Following the completion of the acquisition, the director now owns 70,000 shares of the company’s stock, valued at $548,800. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its stake in FS Investment by 12.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 630,005 shares of the financial services provider’s stock valued at $5,702,000 after purchasing an additional 70,315 shares in the last quarter. Commerce Bank purchased a new stake in FS Investment during the second quarter valued at $3,213,000. JPMorgan Chase & Co. raised its stake in FS Investment by 1,053.3% during the second quarter. JPMorgan Chase & Co. now owns 144,136 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 131,638 shares in the last quarter. Koch Industries Inc. raised its stake 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 valued at $270,000 after purchasing an additional 264,201 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in FS Investment by 9.9% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,065,607 shares of the financial services provider’s stock valued at $9,004,000 after purchasing an additional 95,645 shares in the last quarter. 32.46% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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