FS Investment Co. (FSIC) Given Average Rating of “Hold” by Brokerages

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FS Investment Co. (NYSE:FSIC) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.50.

FSIC has been the subject of a number of research reports. ValuEngine lowered FS Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Wells Fargo & Co lowered FS Investment from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 4th. Zacks Investment Research lowered FS Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. National Securities increased their price target on FS Investment from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.00 price target on shares of FS Investment in a research note on Friday, August 10th.

Shares of NYSE:FSIC traded down $0.06 during trading on Friday, hitting $6.32. 1,217,856 shares of the company’s stock were exchanged, compared to its average volume of 1,355,122. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.76. FS Investment has a 52-week low of $6.26 and a 52-week high of $8.30. The stock has a market capitalization of $1.51 billion, a P/E ratio of 7.61, a P/E/G ratio of 2.70 and a beta of 0.89.

FS Investment (NYSE:FSIC) last released its earnings results on Thursday, August 9th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. FS Investment had a return on equity of 8.96% and a net margin of 19.88%. The firm had revenue of $95.58 million during the quarter, compared to analysts’ expectations of $98.53 million. On average, research analysts predict that FS Investment will post 0.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Wednesday, September 19th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 12.03%. The ex-dividend date of this dividend was Tuesday, September 18th. FS Investment’s payout ratio is 91.57%.

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of FS Investment by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,806,236 shares of the financial services provider’s stock valued at $79,426,000 after purchasing an additional 53,896 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of FS Investment in the 2nd quarter valued at approximately $23,542,000. Van ECK Associates Corp lifted its stake in shares of FS Investment by 8.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,687,934 shares of the financial services provider’s stock valued at $12,406,000 after purchasing an additional 128,674 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of FS Investment by 5.7% in the 2nd quarter. Legal & General Group Plc now owns 945,802 shares of the financial services provider’s stock valued at $6,975,000 after purchasing an additional 50,689 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its stake in shares of FS Investment by 23.2% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 820,725 shares of the financial services provider’s stock valued at $6,033,000 after purchasing an additional 154,638 shares during the last quarter. 28.93% of the stock is owned by institutional investors and hedge funds.

FS Investment Company Profile

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.

Further Reading: Moving Average (MA)

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