FS Investment Co. (FSIC) Director Thomas Gravina Buys 5,000 Shares

FS Investment Co. (NYSE:FSIC) Director Thomas Gravina bought 5,000 shares of FS Investment stock in a transaction dated Monday, January 8th. The shares were bought at an average cost of $7.76 per share, for a total transaction of $38,800.00. Following the completion of the acquisition, the director now owns 47,300 shares in the company, valued at approximately $367,048. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

Shares of FS Investment Co. (NYSE:FSIC) opened at $7.65 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.74. FS Investment Co. has a 1 year low of $7.32 and a 1 year high of $10.80. The firm has a market capitalization of $1,880.00, a price-to-earnings ratio of 8.60, a P/E/G ratio of 3.24 and a beta of 0.94.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.76 annualized dividend and a yield of 9.93%. FS Investment’s dividend payout ratio is presently 85.39%.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded FS Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $9.00 price objective on FS Investment and gave the stock a “hold” rating in a research report on Thursday, October 5th. National Securities upgraded FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Finally, ValuEngine upgraded FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.56.

A number of institutional investors have recently bought and sold shares of the business. McAdam LLC raised its position in FS Investment by 1.5% in the second quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 389 shares during the last quarter. Advisory Services Network LLC raised its position in FS Investment by 3.6% in the second 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. Cetera Investment Advisers raised its position in FS Investment by 10.6% in the second quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 1,485 shares during the last quarter. BlueCrest Capital Management Ltd raised its position in FS Investment by 7.7% in the second quarter. BlueCrest Capital Management Ltd now owns 27,323 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in FS Investment by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 254,724 shares of the financial services provider’s stock valued at $2,330,000 after purchasing an additional 5,104 shares during the last quarter. Hedge funds and other institutional investors own 32.36% of the company’s stock.

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FS Investment 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.

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

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