FS Investment Corporation (NYSE:FSIC) Reaches New 12-Month Low at $8.58

Elias Hubbard
August 13, 2017

These holdings make up 28.83% of the company's outstanding shares. Finally, Bank of Nova Scotia increased its stake in FS Investment Corporation by 31.9% in the first quarter.

Several hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC increased its stake in FS Investment Corporation by 0.8% in the first quarter. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter.

Barclays Plc increased Archrock Inc stake by 34,909 shares to 38,838 valued at $513,000 in 2016Q4. 1 investment expert has recommended the share with a sell recommendation, around seven have published a hold recommendation and 1 has given a buy recommendation to the firms shares. Ameriprise Financial Inc. raised its stake in FS Investment Corporation by 16.2% in the first quarter. The firm owned 3,073,000 shares of the financial services provider's stock after selling 52,000 shares during the period. Bank of Montreal Can's holdings in FS Investment Corporation were worth $28,118,000 at the end of the most recent quarter. Bank of Nova Scotia now owns 413,000 shares of the financial services provider's stock worth $4,047,000 after buying an additional 100,000 shares during the last quarter. Mackenzie Financial Corp now owns 94,188 shares of the financial services provider's stock valued at $923,000 after buying an additional 36,057 shares during the period. Private Advisor Group, LLC augmented its investment by buying 153,798 shares an increase of 8.0% as of 06/30/2017. Its return on investment ratio was 5.20% in the trailing 12 months period. The firm has a 50-day moving average price of $9.04 and a 200 day moving average price of $9.60.

Diverting focus on other technical analysis indicators that are on noticeable point, FS Investment Corporation (FSIC) price is presently trading at a gap of -3.03% from an average price of last twenty days and stands at a distance of -3.69% away from it's an average price of recent fifty days. The company beat the analyst EPS Estimate with the difference of $0.25. FS Investment Corporation had a return on equity of 8.90% and a net margin of 59.88%.

According to analysts FS Investment Corp (NYSE:FSIC)'s minimum EPS for the current quarter is at $0.19 and can go high up to $0.22. Stockholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. However the company reported $0.58 earnings per share for the same quarter during past year. The ex-dividend date is Tuesday, September 19th. FS Investment Corporation's payout ratio is now 87.26%.

FS Investment Corporation (NYSE:FSIC) last released its earnings results on Wednesday, August 9th. If you are reading this piece of content on another website, it was copied illegally and republished in violation of global copyright and trademark legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/12/creative-planning-sells-21653-shares-of-fs-investment-corporation-nysefsic-2-updated-updated.html.

FS Investment Corporation (FSIC) reported earning per shares for the quarter ending Aug 09 AMC, whereas, 6 number of analysts estimated the mean EPS at 0.2.

FS Investment Corporation (NYSE:FSIC)'s interesting series of developments are underway around the U.S. stock market these days. TheStreet upgraded FS Investment Corporation from a "c" rating to a "b" rating in a report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $10.00 target price on shares of FS Investment Corporation in a research note on Friday, April 28th. Finally, National Securities restated a neutral rating and set a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th.

Many analysts have provided their estimated foresights on FS Investment Corporation Earnings, with 6 analysts believing the company would generate an Average Estimate of $0.2. FS Investment Corporation has a consensus rating of "Hold" and a consensus target price of $9.79.

In associated news, Chief Executive Officer Michael C. Forman bought 17,100 stocks of the company's shares in a trade that took place on Thurs, Aug 10th. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David J. Adelman purchased 11,160 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The shares were purchased at an average cost of $8.88 per share, for a total transaction of $99,100.80. The disclosure for this bought can be found here. executive have bought a total of 55,980 stocks of company shares valued $489,371 during the previous period.

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