FS Investment (NYSE:FSIC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, March 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
FS Investment (NYSE FSIC) opened at $7.35 on Thursday. The company has a market cap of $1,842.94, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12. FS Investment has a 12-month low of $7.05 and a 12-month high of $10.80.
FSIC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Monday, November 13th. National Securities upgraded shares of FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded shares of FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. 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. FS Investment currently has an average rating of “Hold” and an average price target of $9.42.
In related news, Director Thomas Gravina purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average price of $7.54 per share, for a total transaction of $37,700.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $301,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Hagan purchased 30,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $7.84 per share, with a total value of $235,200.00. Following the acquisition, the director now directly owns 70,000 shares in the company, valued at $548,800. The disclosure for this purchase can be found here. Insiders bought a total of 206,667 shares of company stock valued at $1,549,210 in the last quarter. 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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