Arete Wealth Advisors LLC lifted its stake in FS Investment Corporation (NYSE:FSIC) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 759,369 shares of the financial services provider’s stock after buying an additional 20,526 shares during the period. FS Investment Corporation comprises approximately 3.2% of Arete Wealth Advisors LLC’s holdings, making the stock its 3rd largest holding. Arete Wealth Advisors LLC owned approximately 0.31% of FS Investment Corporation worth $6,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of FS Investment Corporation by 12.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 630,005 shares of the financial services provider’s stock worth $5,702,000 after buying an additional 70,315 shares in the last quarter. Commerce Bank acquired a new position in shares of FS Investment Corporation in the 2nd quarter worth approximately $3,213,000. Mackenzie Financial Corp raised its holdings in shares of FS Investment Corporation by 62.0% in the 1st quarter. Mackenzie Financial Corp now owns 94,188 shares of the financial services provider’s stock worth $923,000 after buying an additional 36,057 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of FS Investment Corporation by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock worth $573,000 after buying an additional 579 shares in the last quarter. Finally, Paragon Capital Management Ltd raised its holdings in shares of FS Investment Corporation by 56.7% in the 2nd quarter. Paragon Capital Management Ltd now owns 24,775 shares of the financial services provider’s stock worth $227,000 after buying an additional 8,964 shares in the last quarter. 32.47% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 target price on shares of FS Investment Corporation in a report on Tuesday, July 25th. BidaskClub raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of FS Investment Corporation in a report on Monday, August 14th. Finally, ValuEngine cut FS Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.00.

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In other news, CEO Michael C. Forman acquired 17,100 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $8.41 per share, for a total transaction of $143,811.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have acquired 21,575 shares of company stock valued at $181,177. Company insiders own 1.00% of the company’s stock.

FS Investment Corporation (NYSE FSIC) traded up 0.309% during midday trading on Thursday, reaching $8.125. The company had a trading volume of 267,069 shares. The stock’s 50 day moving average is $8.42 and its 200 day moving average is $9.15. FS Investment Corporation has a one year low of $7.95 and a one year high of $10.80.

FS Investment Corporation (NYSE:FSIC) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. The firm had revenue of $98.70 million for the quarter, compared to analyst estimates of $103.14 million. On average, analysts predict that FS Investment Corporation will post $0.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.2228 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.89 annualized dividend and a yield of 11.00%. FS Investment Corporation’s dividend payout ratio is currently 87.26%.

FS Investment Corporation 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.

Institutional Ownership by Quarter for FS Investment Corporation (NYSE:FSIC)

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