The Fundamental Case for and Against FS Investment Corporation (FSIC)

Let's have a look at some of the important valuation ratios of the FS Investment Corporation (FSIC). About 1.97 million shares traded or 91.26% up from the average. FS Investment Corporation is based in United States. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock worth $92,870,000 after buying an additional 2,296,435 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of FS Investment Corporation during the first quarter worth $246,000.

Total shares held by institutions as of the most recent company filings are 70,765,537 with a reported 6,722,171 bought and 2,983,144 sold. Ameriprise Financial Inc. raised its stake in FS Investment Corporation by 16.2% in the first quarter. UBS Group AG now owns 2,433,563 shares of the financial services provider's stock valued at $23,849,000 after buying an additional 1,194,896 shares during the period. Private Advisor Group LLC now owns 1,925,212 shares of the financial services provider's stock worth $18,675,000 after buying an additional 115,030 shares during the period. Gilbert & Cook Inc. now owns 794,256 shares of the financial services provider's stock worth $7,784,000 after buying an additional 57,562 shares during the last quarter. Barclays Capital downgraded the shares of FSIC in report on Wednesday, September 7 to "Equal-Weight" rating. The stock tapped a 52-week high of US$40.18 while the mean 12-month price target for the shares is US$36.75. The company has a 50-day moving average of $9.04 and a 200-day moving average of $9.60.

FS Investment Corporation (NYSE:FSIC) last announced its quarterly earnings data on Wednesday, May 10th. As per WSJ analytic report, FSIC for the Q3 this year, the current consensus earnings per share trend estimates was $0.20, while for one month ago estimates was $0.20.

FS Investment Corporation has a dividend payout ratio of 109.9% meaning the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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. Analysts predict that FS Investment Corporation will post $0.78 EPS for the current fiscal year. The dividend payment was $0.223 per share for the quarter which is $0.89 annualized. The ex-dividend date is Tuesday, September 19th. First Financial Equity Corporation acquired a new stake in shares of FS Investment Corporation during the first quarter worth approximately $177,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in FS Investment Corporation by 2.2% in the second quarter. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright law. The legal version of this story can be viewed at FS Investment Corporation (FSIC) reported loss -2.79% in recent buying and selling session with closing price of $ 8.70. JP Morgan maintained FS Investment Corporation (NYSE:FSIC) rating on Thursday, August 11. TheStreet raised FS Investment Corporation from a "c" rating to a "b" rating in a research note on Monday, April 17th. The stock of FS Investment Corporation (NYSE:FSIC) earned "Hold" rating by Keefe Bruyette & Woods on Wednesday, May 31. Finally, National Securities reaffirmed a "neutral" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. The company now has an average rating of "Hold" and an average price target of $9.79. The stock was acquired at an average cost of $8.88 per share, for a total transaction of $198,201.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

In other FS Investment Corporation news, Director David J. Adelman acquired 11,160 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The shares were bought on June 23rd for an average price of $8.93. The disclosure for this purchase can be found here. Insiders purchased 38,880 shares of company stock worth $345,560 over the last quarter.

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