BidaskClub upgraded shares of FS Investment Corporation (NYSE:FSIC) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded FS Investment Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded FS Investment Corporation from a hold rating to a buy rating and set a $10.00 price target on the stock in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a hold rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Tuesday, July 25th. Finally, National Securities restated a neutral rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $9.75.

Shares of FS Investment Corporation (NYSE:FSIC) opened at 8.70 on Tuesday. FS Investment Corporation has a 52 week low of $7.95 and a 52 week high of $10.80. The stock has a 50 day moving average of $8.27 and a 200 day moving average of $9.02.

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

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th were paid a $0.2228 dividend. This represents a $0.89 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Tuesday, September 19th. FS Investment Corporation’s dividend payout ratio (DPR) is presently 87.26%.

In other FS Investment Corporation news, CEO Michael C. Forman acquired 17,100 shares of FS Investment Corporation stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $8.41 per share, with a total value of $143,811.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 21,575 shares of company stock worth $181,177 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of FS Investment Corporation by 2.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 362 shares in the last quarter. McAdam LLC boosted its stake in shares of FS Investment Corporation by 1.5% during 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 in the last quarter. Advisory Services Network LLC boosted its stake in shares of FS Investment Corporation by 3.6% during 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 in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of FS Investment Corporation by 1.4% during the first quarter. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 425 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of FS Investment Corporation by 1.0% during the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 579 shares in the last quarter. 32.47% of the stock is currently owned by hedge funds and other institutional investors.

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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