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Weekly Research Analysts' Ratings Changes for FS Investment Corporation (FSIC)

Weekly Research Analysts' Ratings Changes for FS Investment Corporation (FSIC)

According to Zacks, "FS Investment Corporation is a business development company". Hedge funds and other institutional investors own 31.84% of the company's stock. JP Morgan maintained FS Investment Corporation (NYSE:FSIC) rating on Thursday, August 11.

A number of analysts have recently issued reports on the company. BLB&B Advisors LLC purchased a new position in shares of FS Investment Corporation during the first quarter valued at about $113,000.

The company declined -3.45% and closed its last trading session at $8.7.

TRADEMARK VIOLATION NOTICE: "NGAM Advisors L.P. Sells 220,900 Shares of FS Investment Corporation (NYSE:FSIC)" was first published by Community Financial News and is the sole property of of Community Financial News. HighTower Advisors LLC now owns 58,338 shares of the financial services provider's stock worth $573,000 after buying an additional 579 shares in the last quarter. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 42,100 shares in the quarter, for a total of 42,400 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS). Jpmorgan Chase & Co controls 12,136 shares with a value of $111,000.

For passive investors (long-term) earning per shares and its growth is most valuable indicator for investment, as FSIC has EPS growth of -2.49% for next year. Blackrock Inc. controls 1,643,575 shares valued at $15,039,000. The firm's 50-day moving average is $9.05 and its 200-day moving average is $9.61.

According to Financial Times, The 7 analysts offering 12 month price targets for SUPERVALU INC. have a median target of 36.75, with a high estimate of 55.00 and a low estimate of 2.90. Sumitomo Mitsui Asset Management Company LTD raised its stake in FS Investment Corporation by 103.0% in the first quarter. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. FS Investment Corporation had a net margin of 86.84% and a return on equity of 9.44%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Gulf International Bank & Trust (Uk) Limited invested in 891,704 shares or 0.81% of the stock. "(C) Ex-Dividend Date Scheduled for August 03, 2017" on August 02, 2017.

A number of equities research analysts recently issued reports on FSIC shares.

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COPYRIGHT VIOLATION WARNING: "Goldman Sachs Group Inc". If you are accessing this piece on another publication, it was stolen and republished in violation of global copyright and trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/12/fs-investment-corporation-fsic-stake-increased-by-ifc-holdings-incorporated-fl.html.

Shares of FS Investment Corporation (NYSE:FSIC) have received a consensus rating of "Hold" from the ten ratings firms that are presently covering the stock, Marketbeat reports.

FS Investment Corporation (NYSE:FSIC)'s earnings per share has been growing at a 16.1 percent rate over the past 5 year when average revenue increase was noted as 29.6 percent.

FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings results on Wednesday, August 9th. Keefe, Bruyette & Woods set a $10.00 price objective on shares of FS Investment Corporation and gave the company a "hold" rating in a research note on Wednesday, May 31st.

Let's have a look at some of the important valuation ratios of the FS Investment Corporation (FSIC).

Equity analyst Barclays downgraded the stock and lowered the price target on September 7 changing the price objective from $10.00 to $9.00 and setting the rating at "Equal-weight" which had previously been "Overweight".

In related news, CEO Michael C. Forman acquired 22,320 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were purchased at an average price of $8.88 per share, for a total transaction of $99,100.80. Also, Director David J. Adelman acquired 11,160 shares of the stock in a transaction that occurred on Thursday, June 22nd. Following the purchase, the director now owns 34,063 shares of the company's stock, valued at approximately $302,479.44. The disclosure for this purchase can be found here. Ameriprise Financial Inc. raised its stake in FS Investment Corporation by 16.2% in the first quarter. It primarily originates and invests in senior secured loans and other securities of private USA companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. It may purchase interests in loans or make other debt investments, including investments in senior secured bonds, through secondary market transactions in the over-the-counter market or directly from target companies as primary market or directly originated investments.