7/17/2017 - FS Investment Corporation was downgraded by analysts at BidaskClub from a "hold" rating to a "sell" rating. Barclays Capital downgraded the shares of FSIC in report on Wednesday, September 7 to "Equal-Weight" rating. TheStreet raised FS Investment Corporation from a "c" rating to a "b" rating in a research note on Monday, April 17th. 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. First Heartland Consultants Inc. raised its position in FS Investment Corporation by 1.4% in the first quarter. Exencial Wealth Advisors LLC raised its position in FS Investment Corporation by 4.4% in the first quarter. IFP Advisors Inc now owns 710,172 shares of the financial services provider's stock valued at $6,960,000 after buying an additional 161,032 shares in the last quarter. Forman, CEO reported the purchase of 1,200 shares of (FSIC). The firm owned 30,332 shares of the financial services provider's stock at the end of the second quarter.
Shares of FS Investment Corporation (FSIC) opened at 8.70 on Thursday. The stock has 5 year expected PEG ratio of 1.85 whereas its trailing twelve month P/E ratio is 5.54. The firm has a 50-day moving average price of $9.03 and a 200 day moving average price of $9.59. FS Investment Corporation had a net margin of 86.84% and a return on equity of 9.44%.
TRADEMARK VIOLATION NOTICE: "FS Investment Corporation (FSIC) Releases Earnings Results, Misses Expectations By $0.01 EPS" was published by Sports Perspectives and is the property of of Sports Perspectives. The return on equity ratio or ROE stands at 16.2 percent while most common profitability ratio return on investment (ROI) was 5.2 percent. For the current year the company's revenue estimates are $408.12 Million compared to low analyst estimates of $399 Million and high estimates of $415.66 Million according to 4 number of analysts. On average, analysts anticipate that FS Investment Corporation will post $0.78 earnings per share for the current fiscal year. Gulf International Bank & Trust (Uk) Limited invested in 891,704 shares or 0.81% of the stock. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The ex-dividend date was set for Monday the 19th of June 2017.
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At the moment 7 analysts are watching FS Investment Corporation (NASDAQ:FSIC), 1 rate it "Buy", 0 "Outperform", 6 "Underperform", 0 "Sell", while 0 "Hold".
FS Investment Corporation (FSIC) belonging to the Financial Services sector has declined -2.79% and closed its last trading session at $8.7. Keefe, Bruyette & Woods set a $10.00 price objective on FS Investment Corporation and gave the company a "hold" rating in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. National Securities reiterated a "neutral" rating and issued a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th. The shares were bought on June 23rd for an average price of $8.93. Some of these factors are enumerated in the filings the Company makes with the Securities and Exchange Commission. David J. Adelman, Director disclosed the purchase of 600 shares of FSIC stock.
David J. Adelman, Director purchased $10,728 worth of shares at an average price of $8.94 on Friday the 19th. Following the completion of the transaction, the director now directly owns 34,063 shares of the company's stock, valued at approximately $302,479.44. The disclosure for this purchase can be found here. Sumitomo Mitsui Asset Management Company LTD now owns 860,296 shares of the financial services provider's stock worth $8,430,000 after buying an additional 436,519 shares during the last quarter. V Wealth Management LLC increased its position in shares of FS Investment Corporation by 11.1% in the first quarter. It primarily originates and invests in senior secured loans and other securities of private US companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation.