Advisory Research Inc. decreased its holdings in shares of FS Investment Co. (NYSE:FSIC) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,063,078 shares of the financial services provider’s stock after selling 45,408 shares during the quarter. Advisory Research Inc. owned about 0.43% of FS Investment worth $7,814,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System raised its stake in shares of FS Investment by 5.4% in the second quarter. California Public Employees Retirement System now owns 489,500 shares of the financial services provider’s stock valued at $4,479,000 after acquiring an additional 25,100 shares during the period. Virtu KCG Holdings LLC purchased a new stake in shares of FS Investment in the second quarter valued at $184,000. Shelton Capital Management purchased a new stake in shares of FS Investment in the second quarter valued at $111,000. Gotham Asset Management LLC raised its stake in shares of FS Investment by 21.2% in the second quarter. Gotham Asset Management LLC now owns 31,009 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 5,416 shares during the period. Finally, BlueCrest Capital Management Ltd raised its stake in shares of FS Investment by 7.7% in the second quarter. BlueCrest Capital Management Ltd now owns 27,323 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 1,942 shares during the period. 31.96% of the stock is currently owned by institutional investors.
FS Investment Co. (FSIC) opened at $7.35 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. The company has a market cap of $1,830.65, a PE ratio of 8.76, a PEG ratio of 3.20 and a beta of 0.93. FS Investment Co. has a 1-year low of $7.05 and a 1-year high of $10.80.
Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded shares of FS Investment from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. TheStreet downgraded shares of FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.42.
In related news, CEO Michael C. Forman purchased 11,295 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of $7.42 per share, for a total transaction of $83,808.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael C. Forman purchased 16,800 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $7.33 per share, for a total transaction of $123,144.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 206,667 shares of company stock worth $1,549,210. Company insiders own 1.07% of the company’s stock.
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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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