News stories about FS Investment (NYSE:FSIC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FS Investment earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.263942821312 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several analysts have recently commented on FSIC shares. National Securities reiterated a “buy” rating and issued a $10.00 target price on shares of FS Investment in a report on Tuesday, May 15th. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, May 7th. Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the company a “hold” rating in a research report on Friday, March 2nd. Finally, ValuEngine downgraded shares of FS Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.17.
FS Investment stock traded up $0.02 during mid-day trading on Monday, reaching $7.52. The stock had a trading volume of 16 shares, compared to its average volume of 843,080. FS Investment has a one year low of $6.95 and a one year high of $9.31. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 3.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.69 and a quick ratio of 2.69.
FS Investment (NYSE:FSIC) last released its quarterly earnings results on Thursday, May 10th. The financial services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. FS Investment had a net margin of 31.75% and a return on equity of 8.84%. The firm had revenue of $101.02 million during the quarter, compared to analyst estimates of $97.22 million. equities analysts expect that FS Investment will post 0.74 EPS for the current fiscal year.
FS Investment declared that its board has approved a share repurchase plan on Thursday, March 1st that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Wednesday, June 20th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, June 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.11%. FS Investment’s dividend payout ratio is currently 91.57%.
About FS Investment
FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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