FS Investment Corp. (NYSE:FSIC) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and set a $10.00 price target on shares of FS Investment Corp. in a research report on Saturday, August 13th. National Securities reiterated a “neutral” rating and set a $9.00 price target on shares of FS Investment Corp. in a research report on Friday, November 11th. Zacks Investment Research cut shares of FS Investment Corp. from a “hold” rating to a “sell” rating in a research report on Friday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of FS Investment Corp. from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Finally, Barclays PLC cut shares of FS Investment Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. FS Investment Corp. presently has a consensus rating of “Hold” and an average price target of $9.63.

Analyst Recommendations for FS Investment Corp. (NYSE:FSIC)

FS Investment Corp. (NYSE:FSIC) opened at 9.85 on Tuesday. The firm’s 50 day moving average is $9.47 and its 200 day moving average is $9.32. The company has a market cap of $2.40 billion, a PE ratio of 54.12 and a beta of 0.92. FS Investment Corp. has a 52-week low of $7.11 and a 52-week high of $10.05.

FS Investment Corp. (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by $0.02. FS Investment Corp. had a net margin of 38.26% and a return on equity of 9.68%. Analysts forecast that FS Investment Corp. will post $1.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st will be issued a $0.2228 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Monday, December 19th. FS Investment Corp.’s dividend payout ratio (DPR) is presently 130.88%.

Large investors have recently bought and sold shares of the stock. Tealwood Asset Management Inc. purchased a new stake in FS Investment Corp. during the third quarter worth approximately $100,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in FS Investment Corp. by 4.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,508 shares of the company’s stock worth $104,000 after buying an additional 498 shares during the last quarter. Paragon Capital Management Ltd boosted its stake in FS Investment Corp. by 8.0% in the third quarter. Paragon Capital Management Ltd now owns 11,027 shares of the company’s stock worth $104,000 after buying an additional 818 shares during the last quarter. Telos Capital Management Inc. purchased a new stake in FS Investment Corp. during the third quarter worth approximately $108,000. Finally, Partnervest Advisory Services LLC boosted its stake in FS Investment Corp. by 5.0% in the second quarter. Partnervest Advisory Services LLC now owns 12,097 shares of the company’s stock worth $109,000 after buying an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 31.61% of the company’s stock.

About FS Investment Corp.

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.

5 Day Chart for NYSE:FSIC

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