Van ECK Associates Corp reduced its stake in FS Investment Corporation (NYSE:FSIC) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,657,481 shares of the financial services provider’s stock after selling 14,563 shares during the period. Van ECK Associates Corp owned about 0.67% of FS Investment worth $14,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in FS Investment during the 1st quarter worth approximately $122,000. Goldman Sachs Group Inc. increased its stake in shares of FS Investment by 53.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 267,095 shares of the financial services provider’s stock valued at $2,618,000 after acquiring an additional 92,778 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of FS Investment by 48.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 32,000 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 10,400 shares in the last quarter. Paragon Capital Management Ltd increased its stake in shares of FS Investment by 56.7% in the 2nd quarter. Paragon Capital Management Ltd now owns 24,775 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 8,964 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of FS Investment by 12.7% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 969,962 shares of the financial services provider’s stock valued at $8,875,000 after acquiring an additional 109,666 shares in the last quarter. Institutional investors own 32.62% of the company’s stock.

Several analysts have recently weighed in on FSIC shares. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Monday, November 13th. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. National Securities reiterated a “neutral” rating and set a $10.00 target price on shares of FS Investment in a research note on Monday, November 13th. Finally, BidaskClub upgraded FS Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.56.

Shares of FS Investment Corporation (FSIC) traded up $0.05 during trading on Monday, reaching $8.15. The company had a trading volume of 585,100 shares, compared to its average volume of 1,104,267. FS Investment Corporation has a fifty-two week low of $7.65 and a fifty-two week high of $10.80. The company has a market cap of $2,000.00, a PE ratio of 9.59, a P/E/G ratio of 3.40 and a beta of 0.94. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74.

FS Investment (NYSE:FSIC) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. The business had revenue of $103.69 million for the quarter, compared to analysts’ expectations of $97.03 million. research analysts predict that FS Investment Corporation will post 0.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.33%. The ex-dividend date of this dividend is Tuesday, December 19th. FS Investment’s dividend payout ratio is presently 100.00%.

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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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