Rational Advisors LLC purchased a new position in FS Investment Co. (NYSE:FSIC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 139,400 shares of the financial services provider’s stock, valued at approximately $1,025,000.

Other hedge funds have also modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of FS Investment by 5.1% during the 4th quarter. California Public Employees Retirement System now owns 566,700 shares of the financial services provider’s stock valued at $4,165,000 after purchasing an additional 27,300 shares during the last quarter. Clarus Wealth Advisors bought a new position in shares of FS Investment during the 4th quarter valued at about $278,000. Calton & Associates Inc. bought a new position in shares of FS Investment during the 4th quarter valued at about $175,000. Chessman Wealth Strategies RIA bought a new position in shares of FS Investment during the 4th quarter valued at about $257,000. Finally, IFG Advisory LLC bought a new position in shares of FS Investment during the 4th quarter valued at about $374,000. Institutional investors and hedge funds own 31.96% of the company’s stock.

FS Investment Co. (NYSE FSIC) opened at $7.45 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. FS Investment Co. has a 1-year low of $7.05 and a 1-year high of $10.80. The company has a market cap of $1,806.08, a PE ratio of 8.65, a P/E/G ratio of 3.15 and a beta of 0.93.

In other FS Investment news, Director Michael J. Hagan purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of $7.84 per share, with a total value of $235,200.00. Following the acquisition, the director now owns 70,000 shares in the company, valued at $548,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman purchased 16,800 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $7.33 per share, with a total value of $123,144.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 195,372 shares of company stock valued at $1,465,401. 1.07% of the stock is owned by insiders.

FSIC has been the subject of several research reports. Zacks Investment Research raised shares of FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Monday, November 13th. National Securities raised shares of FS Investment from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet downgraded shares of FS Investment from a “b-” rating to a “c+” rating in a report on Thursday, January 11th. Finally, BidaskClub downgraded shares of FS Investment from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.42.

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FS Investment 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 (NYSE:FSIC)

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