Insider Buying: FS Investment Co. (FSIC) CEO Purchases 17,158 Shares of Stock

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman acquired 17,158 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $7.44 per share, for a total transaction of $127,655.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FS Investment Co. (FSIC) traded down $0.20 during midday trading on Monday, hitting $7.30. 2,625,088 shares of the company’s stock were exchanged, compared to its average volume of 1,729,616. The company has a market capitalization of $1,842.94, a PE ratio of 8.11, a PEG ratio of 3.15 and a beta of 0.93. FS Investment Co. has a 12-month low of $7.25 and a 12-month high of $10.80. 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 (NYSE:FSIC) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. analysts expect that FS Investment Co. will post 0.8 EPS for the current year.

A number of research analysts recently issued reports on FSIC shares. Zacks Investment Research raised shares of FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of FS Investment in a research note on Monday, November 13th. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet cut shares of FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.42.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in shares of FS Investment by 3.6% during the second quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after buying an additional 400 shares during the last quarter. Lakeview Capital Partners LLC bought a new stake in shares of FS Investment during the third quarter worth $108,000. Shelton Capital Management bought a new stake in shares of FS Investment during the second quarter worth $111,000. Regal Investment Advisors LLC bought a new stake in shares of FS Investment during the third quarter worth $130,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of FS Investment during the fourth quarter worth $130,000. 32.19% of the stock is currently owned by hedge funds and other institutional investors.

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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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