TheStreet Lowers FS Investment (FSIC) to C+
FS Investment (NYSE:FSIC) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Thursday.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of FS Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. National Securities raised shares of FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment and gave the stock a “hold” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. FS Investment has an average rating of “Hold” and an average target price of $9.56.
FS Investment (NYSE FSIC) opened at $7.70 on Thursday. FS Investment has a 52-week low of $7.32 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. The stock has a market cap of $1,879.80, a PE ratio of 8.56, a P/E/G ratio of 3.21 and a beta of 0.94.
In other news, Director Michael J. Hagan acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $7.84 per share, with a total value of $235,200.00. Following the completion of the acquisition, the director now owns 70,000 shares in the company, valued at approximately $548,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Gravina acquired 4,500 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were purchased at an average cost of $7.66 per share, with a total value of $34,470.00. Following the acquisition, the director now owns 42,300 shares of the company’s stock, valued at approximately $324,018. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 107,512 shares of company stock valued at $816,937. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Citizens Bank & Trust Co. acquired a new stake in shares of FS Investment during the fourth quarter worth approximately $130,000. Oak Point Wealth Management acquired a new stake in shares of FS Investment during the fourth quarter worth approximately $2,461,000. Belpointe Asset Management LLC acquired a new stake in shares of FS Investment during the third quarter worth approximately $132,000. Cetera Investment Advisers increased its holdings in shares of FS Investment by 886.3% during the third quarter. Cetera Investment Advisers now owns 152,702 shares of the financial services provider’s stock worth $1,297,000 after buying an additional 137,220 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of FS Investment by 231.2% during the third quarter. Wealthcare Advisory Partners LLC now owns 32,206 shares of the financial services provider’s stock worth $272,000 after buying an additional 22,481 shares in the last quarter. 32.36% of the stock is owned by institutional investors.
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FS Investment 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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