FS Investment (FSIC) Earns Daily Media Sentiment Score of 0.14
News coverage about FS Investment (NYSE:FSIC) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FS Investment earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.681924489736 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Insider Buying: FS Investment Co. (FSIC) Director Buys 4,500 Shares of Stock (americanbankingnews.com)
- This BDC With A 10.1% Yield And 0.8x NAV Saw Insider Buying Recently – Seeking Alpha (seekingalpha.com)
- FS Investment Co. (FSIC) Insider Acquires $14,900.00 in Stock (americanbankingnews.com)
- FS Investment Co. (FSIC) Director Acquires $37,700.00 in Stock (americanbankingnews.com)
- FS Investment Co. (FSIC) CEO Michael C. Forman Purchases 6,600 Shares (americanbankingnews.com)
FS Investment (FSIC) opened at $7.75 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.74. FS Investment has a 1 year low of $7.32 and a 1 year high of $10.80. The stock has a market cap of $1,900.00, a PE ratio of 8.71, a PEG ratio of 3.24 and a beta of 0.94.
FS Investment (NYSE:FSIC) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $103.69 million during the quarter, compared to analyst estimates of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. research analysts forecast that FS Investment will post 0.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date was Tuesday, December 19th. FS Investment’s dividend payout ratio is currently 85.39%.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of FS Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded shares of FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $9.00 price objective on shares of FS Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. National Securities upgraded shares of FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Finally, ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. FS Investment currently has an average rating of “Hold” and a consensus target price of $9.56.
In other news, insider Michael John Kelly purchased 10,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was purchased at an average cost of $7.49 per share, with a total value of $74,900.00. Following the acquisition, the insider now directly owns 35,000 shares in the company, valued at $262,150. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael C. Forman purchased 16,531 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was purchased at an average cost of $7.46 per share, with a total value of $123,321.26. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 102,512 shares of company stock valued at $778,137. 1.00% of the stock is owned by insiders.
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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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