FS Investment Corporation (FSIC) Given a $9.00 Price Target at Keefe, Bruyette & Woods

FS Investment Corporation (NYSE:FSIC) has been given a $9.00 price objective by stock analysts at Keefe, Bruyette & Woods in a report issued on Thursday, October 5th. The brokerage presently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.09% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. National Securities reaffirmed a “neutral” rating and set a $10.00 target price on shares of FS Investment Corporation in a research note on Monday, August 14th. BidaskClub raised FS Investment Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine raised FS Investment Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.75.

FS Investment Corporation (NYSE:FSIC) opened at 8.25 on Thursday. The firm’s 50-day moving average price is $8.29 and its 200 day moving average price is $8.97. FS Investment Corporation has a 52-week low of $7.95 and a 52-week high of $10.80.

FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). FS Investment Corporation had a return on equity of 8.92% and a net margin of 59.88%. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $103.14 million. Analysts expect that FS Investment Corporation will post $0.73 earnings per share for the current year.

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In other news, CEO Michael C. Forman purchased 17,100 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $8.41 per share, for a total transaction of $143,811.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 21,575 shares of company stock valued at $181,177 in the last quarter. 1.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. BDO Wealth Advisors LLC purchased a new stake in FS Investment Corporation during the second quarter worth $103,000. Advisory Services Network LLC lifted its holdings in shares of FS Investment Corporation by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 400 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of FS Investment Corporation during the 2nd quarter valued at $111,000. JPMorgan Chase & Co. purchased a new stake in shares of FS Investment Corporation during the 1st quarter valued at $122,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FS Investment Corporation during the 2nd quarter valued at $135,000. Institutional investors own 32.47% of the company’s stock.

FS Investment Corporation Company Profile

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.

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