Mariner Wealth Advisors LLC continued to hold its position in shares of FS Investment Corporation (NYSE:FSIC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,295 shares of the financial services provider’s stock at the close of the second quarter. Mariner Wealth Advisors LLC’s holdings in FS Investment Corporation were worth $122,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of FS Investment Corporation by 12.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 630,005 shares of the financial services provider’s stock worth $5,702,000 after purchasing an additional 70,315 shares during the period. Commerce Bank bought a new position in shares of FS Investment Corporation in the second quarter worth $3,213,000. Mackenzie Financial Corp increased its holdings in shares of FS Investment Corporation by 62.0% in the first quarter. Mackenzie Financial Corp now owns 94,188 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 36,057 shares during the period. HighTower Advisors LLC increased its holdings in shares of FS Investment Corporation by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 579 shares during the period. Finally, Paragon Capital Management Ltd increased its holdings in shares of FS Investment Corporation by 56.7% in the second quarter. Paragon Capital Management Ltd now owns 24,775 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 8,964 shares during the period. 32.47% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on FSIC. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Tuesday, July 25th. BidaskClub raised shares of 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 research note 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 research note on Monday, August 14th. Finally, ValuEngine cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. FS Investment Corporation presently has an average rating of “Hold” and a consensus price target of $10.00.

FS Investment Corporation (NYSE FSIC) opened at 8.10 on Thursday. The company has a 50-day moving average price of $8.42 and a 200-day moving average price of $9.15. FS Investment Corporation has a 1-year low of $7.95 and a 1-year high of $10.80.

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

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

In related news, CEO Michael C. Forman purchased 17,100 shares of FS Investment Corporation stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $8.41 per share, for a total transaction of $143,811.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders acquired 21,575 shares of company stock worth $181,177. 1.00% of the stock is currently owned by insiders.

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.

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

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