David J. Adelman Buys 15,008 Shares of FS Investment Co. (FSIC) Stock
FS Investment Co. (NYSE:FSIC) Director David J. Adelman acquired 15,008 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were acquired at an average cost of $7.05 per share, with a total value of $105,806.40. Following the transaction, the director now directly owns 34,063 shares in the company, valued at approximately $240,144.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
FS Investment Co. (NYSE:FSIC) opened at $7.40 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1,732.36, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.96. FS Investment Co. has a twelve month low of $6.95 and a twelve month high of $9.95.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Wednesday, March 21st will be issued a $0.19 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $0.76 annualized dividend and a yield of 10.27%. FS Investment’s dividend payout ratio (DPR) is 101.33%.
A number of institutional investors have recently bought and sold shares of FSIC. Millennium Management LLC raised its holdings in FS Investment by 9,310.6% in the 4th quarter. Millennium Management LLC now owns 3,158,473 shares of the financial services provider’s stock valued at $23,215,000 after acquiring an additional 3,124,910 shares in the last quarter. Two Sigma Advisers LP raised its holdings in FS Investment by 452.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,418,955 shares of the financial services provider’s stock valued at $10,429,000 after acquiring an additional 1,161,955 shares in the last quarter. Two Sigma Investments LP raised its holdings in FS Investment by 142.7% in the 4th quarter. Two Sigma Investments LP now owns 1,546,908 shares of the financial services provider’s stock valued at $11,370,000 after acquiring an additional 909,539 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of FS Investment by 970.2% in the 4th quarter. Citadel Advisors LLC now owns 629,118 shares of the financial services provider’s stock valued at $4,624,000 after purchasing an additional 570,335 shares during the period. Finally, LPL Financial LLC grew its stake in shares of FS Investment by 12.0% in the 4th quarter. LPL Financial LLC now owns 5,171,905 shares of the financial services provider’s stock valued at $38,013,000 after purchasing an additional 552,231 shares during the period. 33.44% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised FS Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. National Securities reissued a “buy” rating and set a $10.00 price objective on shares of FS Investment in a research report on Monday, March 5th. Keefe, Bruyette & Woods set a $9.00 price objective on FS Investment and gave the stock a “hold” rating in a research report on Friday, March 2nd. ValuEngine cut FS Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet cut FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.42.
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About FS Investment
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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