Insider Buying: FS Investment Co. (FSIC) Director Purchases 5,000 Shares of Stock

FS Investment Co. (NYSE:FSIC) Director Thomas Gravina acquired 5,000 shares of FS Investment stock in a transaction on Monday, January 8th. The shares were bought at an average price of $7.76 per share, for a total transaction of $38,800.00. Following the completion of the purchase, the director now directly owns 47,300 shares in the company, valued at $367,048. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Thomas Gravina also recently made the following trade(s):

  • On Thursday, January 4th, Thomas Gravina bought 4,500 shares of FS Investment stock. The shares were acquired at an average cost of $7.66 per share, for a total transaction of $34,470.00.
  • On Tuesday, January 2nd, Thomas Gravina bought 5,000 shares of FS Investment stock. The shares were acquired at an average cost of $7.54 per share, for a total transaction of $37,700.00.

FS Investment Co. (FSIC) traded down $0.20 during mid-day trading on Friday, hitting $7.50. 1,607,118 shares of the company were exchanged, compared to its average volume of 1,690,685. 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 Co. has a 1-year low of $7.32 and a 1-year high of $10.80. The firm has a market cap of $1,890.00, a PE ratio of 8.43, a PEG ratio of 3.19 and a beta of 0.93.

FS Investment (NYSE:FSIC) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. The business had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. analysts expect that FS Investment Co. will post 0.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 20th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.13%. FS Investment’s dividend payout ratio (DPR) is presently 85.39%.

A number of brokerages have weighed in on FSIC. ValuEngine cut shares of FS Investment from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised shares of FS Investment from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. TheStreet cut shares of FS Investment from a “b-” rating to a “c+” rating in a report on Thursday, January 11th. National Securities raised shares of FS Investment from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Finally, BidaskClub cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.42.

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its holdings in shares of FS Investment by 3.6% in the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 400 shares during the period. Shelton Capital Management acquired a new position in FS Investment during the 2nd quarter valued at about $111,000. Lakeview Capital Partners LLC acquired a new position in FS Investment during the 3rd quarter valued at about $108,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FS Investment during the 2nd quarter valued at about $135,000. Finally, Regal Investment Advisors LLC acquired a new position in FS Investment during the 3rd quarter valued at about $130,000. 32.43% of the stock is currently owned by institutional investors and hedge funds.

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About FS Investment

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.

Insider Buying and Selling by Quarter for FS Investment (NYSE:FSIC)

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