Keefe, Bruyette & Woods set a $9.00 target price on FS Investment Corporation (NYSE:FSIC) in a report issued on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities analysts also recently issued reports on the company. BidaskClub raised FS Investment Corporation from a sell rating to a hold rating in a research report on Wednesday, June 28th. ValuEngine downgraded FS Investment Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research raised FS Investment Corporation from a sell rating to a hold rating in a research report on Tuesday, July 18th. Finally, National Securities reissued a neutral rating and issued a $10.00 target price on shares of FS Investment Corporation in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $9.75.

FS Investment Corporation (FSIC) opened at 8.70 on Thursday. FS Investment Corporation has a 1-year low of $7.95 and a 1-year high of $10.80. The stock has a 50 day moving average price of $8.27 and a 200-day moving average price of $9.02.

FS Investment Corporation (NYSE:FSIC) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.19 earnings per share (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 during the quarter, compared to analyst estimates of $103.14 million. On average, equities analysts forecast that FS Investment Corporation will post $0.73 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 20th were issued 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 payout ratio is 87.26%.

In other news, CEO Michael C. Forman bought 17,100 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 21,575 shares of company stock worth $181,177. 1.00% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. McAdam LLC boosted its stake in shares of FS Investment Corporation by 1.5% during the 2nd quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 389 shares in the last quarter. WFG Advisors LP boosted its stake in shares of FS Investment Corporation by 41.7% during the 2nd quarter. WFG Advisors LP now owns 222,300 shares of the financial services provider’s stock worth $2,034,000 after acquiring an additional 65,422 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of FS Investment Corporation by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 1,485 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of FS Investment Corporation by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 400 shares in the last quarter. Finally, Fort Pitt Capital Group LLC purchased a new stake in shares of FS Investment Corporation during the 2nd quarter worth about $174,000. 32.47% of the stock is currently owned by institutional investors and hedge funds.

About FS Investment Corporation

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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