FS Investment Co. (NYSE:FSIC) insider Zachary Klehr purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were purchased at an average cost of $7.45 per share, for a total transaction of $14,900.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Shares of FS Investment Co. (NYSE:FSIC) opened at $7.70 on Friday. FS Investment Co. has a 52 week low of $7.32 and a 52 week high of $10.80. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $1,890.00, a P/E ratio of 8.65, a P/E/G ratio of 3.19 and a beta of 0.94.
FS Investment (NYSE:FSIC) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. The firm had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. equities analysts forecast that FS Investment Co. will post 0.8 earnings per share for the current year.
Several equities research analysts have recently commented on FSIC shares. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Monday, November 13th. National Securities raised FS Investment from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. Keefe, Bruyette & Woods set a $9.00 price target on FS Investment and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub raised FS Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.56.
Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its holdings 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 valued at $106,000 after acquiring an additional 400 shares during the last quarter. Lakeview Capital Partners LLC acquired a new position in FS Investment in the 3rd quarter valued at $108,000. Shelton Capital Management acquired a new position in FS Investment in the 2nd quarter valued at $111,000. Regal Investment Advisors LLC acquired a new position in FS Investment in the 3rd quarter valued at $130,000. Finally, Belpointe Asset Management LLC acquired a new position in FS Investment in the 3rd quarter valued at $132,000. 32.36% of the stock is currently owned by hedge funds and other 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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