FS Investment (FSIC) Stock Rating Upgraded by ValuEngine

FS Investment (NYSE:FSIC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other brokerages have also commented on FSIC. Zacks Investment Research lowered shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. National Securities reiterated a “neutral” rating and issued a $10.00 price objective on shares of FS Investment in a research report on Monday, August 14th. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. FS Investment presently has an average rating of “Hold” and a consensus target price of $9.56.

FS Investment (NYSE FSIC) remained flat at $$8.10 during trading on Friday. The company’s stock had a trading volume of 1,695,504 shares, compared to its average volume of 1,431,805. FS Investment has a 1-year low of $7.65 and a 1-year high of $10.80. The firm has a market cap of $1,990.37, a PE ratio of 9.53, a price-to-earnings-growth ratio of 3.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12.

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

Institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of FS Investment by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 362 shares during the period. McAdam LLC increased its position in FS Investment by 1.5% in the 2nd quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 389 shares during the last quarter. Advisory Services Network LLC increased its position in 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 purchasing an additional 400 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in FS Investment by 5.1% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 25,767 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in FS Investment by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 1,485 shares during the last quarter. 32.46% of the stock is owned by institutional investors.

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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.

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