Keefe, Bruyette & Woods reiterated their hold rating on shares of FS Investment Corporation (NYSE:FSIC) in a research report released on Tuesday. They currently have a $10.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. TheStreet raised FS Investment Corporation from a c rating to a b rating in a research note on Monday, April 17th. Zacks Investment Research raised FS Investment Corporation from a sell rating to a buy rating and set a $11.00 target price for the company in a research note on Wednesday, May 3rd. BidaskClub raised FS Investment Corporation from a sell rating to a hold rating in a research note on Wednesday, June 28th. Finally, National Securities reaffirmed a neutral rating and set a $10.00 target price on shares of FS Investment Corporation in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. FS Investment Corporation currently has an average rating of Hold and a consensus price target of $9.93.

Shares of FS Investment Corporation (FSIC) traded down 0.55% during trading on Tuesday, hitting $9.05. The company had a trading volume of 858,580 shares. The stock has a 50-day moving average of $9.11 and a 200 day moving average of $9.69. FS Investment Corporation has a 12-month low of $8.76 and a 12-month high of $10.80.

FS Investment Corporation (NYSE:FSIC) last released its earnings results on Wednesday, May 10th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. FS Investment Corporation had a return on equity of 9.44% and a net margin of 86.84%. The business had revenue of $106.06 million during the quarter, compared to analysts’ expectations of $101.94 million. On average, equities analysts anticipate that FS Investment Corporation will post $0.85 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 21st were paid a $0.2228 dividend. The ex-dividend date of this dividend was Monday, June 19th. This represents a $0.89 dividend on an annualized basis and a yield of 9.85%. FS Investment Corporation’s dividend payout ratio (DPR) is presently 58.55%.

In other news, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $8.88 per share, with a total value of $198,201.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Adelman acquired 11,160 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The stock was purchased at an average cost of $8.88 per share, with a total value of $99,100.80. Following the purchase, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $302,479.44. The disclosure for this purchase can be found here. Insiders acquired 38,880 shares of company stock valued at $345,560 in the last three months. Insiders own 1.00% of the company’s stock.

A number of large investors have recently made changes to their positions in FSIC. First Heartland Consultants Inc. boosted its stake in shares of FS Investment Corporation by 1.4% in the first quarter. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider’s stock worth $297,000 after buying an additional 425 shares during the period. HighTower Advisors LLC boosted its stake in shares of FS Investment Corporation by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock worth $573,000 after buying an additional 579 shares during the period. Exencial Wealth Advisors LLC boosted its stake in shares of FS Investment Corporation by 4.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,311 shares of the financial services provider’s stock worth $147,000 after buying an additional 650 shares during the period. M Holdings Securities Inc. boosted its stake in shares of FS Investment Corporation by 2.6% in the first quarter. M Holdings Securities Inc. now owns 36,820 shares of the financial services provider’s stock worth $361,000 after buying an additional 917 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of FS Investment Corporation by 1.0% in the first quarter. Sei Investments Co. now owns 98,386 shares of the financial services provider’s stock worth $964,000 after buying an additional 1,011 shares during the period. 31.74% of the stock is owned by hedge funds and other institutional investors.

FS Investment Corporation Company 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.

Analyst Recommendations for FS Investment Corporation (NYSE:FSIC)

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