Rehmann Capital Advisory Group boosted its position in FS Investment Corporation (NYSE:FSIC) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,063 shares of the financial services provider’s stock after buying an additional 1,548 shares during the period. Rehmann Capital Advisory Group’s holdings in FS Investment Corporation were worth $1,108,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Two Sigma Investments LP increased its stake in shares of FS Investment Corporation by 65.5% in the fourth quarter. Two Sigma Investments LP now owns 130,222 shares of the financial services provider’s stock worth $1,341,000 after buying an additional 51,520 shares during the period. M Holdings Securities Inc. increased its stake in shares of FS Investment Corporation by 10.0% in the fourth quarter. M Holdings Securities Inc. now owns 35,903 shares of the financial services provider’s stock worth $370,000 after buying an additional 3,267 shares during the period. BLB&B Advisors LLC purchased a new stake in shares of FS Investment Corporation during the first quarter worth approximately $113,000. CWM LLC increased its stake in shares of FS Investment Corporation by 206.1% in the first quarter. CWM LLC now owns 34,571 shares of the financial services provider’s stock worth $339,000 after buying an additional 23,276 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of FS Investment Corporation during the first quarter worth approximately $246,000. Institutional investors and hedge funds own 32.76% of the company’s stock.

FS Investment Corporation (NYSE:FSIC) remained flat at $9.10 during midday trading on Wednesday. The company had a trading volume of 185,878 shares. The stock has a 50-day moving average price of $9.14 and a 200 day moving average price of $9.75. FS Investment Corporation has a 52 week low of $8.76 and a 52 week high of $10.80.

FS Investment Corporation (NYSE:FSIC) last issued its earnings results on Wednesday, May 10th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $106.06 million for the quarter, compared to the consensus estimate of $101.94 million. FS Investment Corporation had a return on equity of 9.44% and a net margin of 86.84%. On average, equities research analysts forecast that FS Investment Corporation will post $0.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 21st were issued a $0.2228 dividend. The ex-dividend date was Monday, June 19th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 9.79%. FS Investment Corporation’s dividend payout ratio is 58.55%.

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A number of equities research analysts have recently commented on FSIC shares. Zacks Investment Research upgraded shares of FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. TheStreet raised shares of FS Investment Corporation from a “c” rating to a “b” rating in a research report on Monday, April 17th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 target price on shares of FS Investment Corporation in a research report on Friday, April 28th. National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of FS Investment Corporation in a research report on Monday, May 15th. Finally, BidaskClub raised shares of FS Investment Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $9.93.

In other news, Director David J. Adelman acquired 11,160 shares of the company’s 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. Following the completion of the acquisition, the director now owns 34,063 shares of the company’s stock, valued at approximately $302,479.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael C. Forman acquired 22,320 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average price of $8.88 per share, for a total transaction of $198,201.60. The disclosure for this purchase can be found here. Insiders bought a total of 38,880 shares of company stock worth $345,560 in the last quarter. 1.00% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for FS Investment Corporation (NYSE:FSIC)

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