What Analysts Suggest About FS Investment Corp (FSIC)?

Claudine Rigal
Août 12, 2017

Creative Planning's holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value. FS Investment Corporation earned a coverage optimism score of 0.33 on Accern's scale. Ameriprise Financial Inc. increased its position in FS Investment Corporation by 20.1% in the second quarter. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Finally, Van ECK Associates Corp increased its position in FS Investment Corporation by 21.7% in the second quarter. Legal & General Group Plc now owns 584,724 shares of the financial services provider's stock valued at $5,716,000 after buying an additional 50,874 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 valued at $573,000 after buying an additional 579 shares during the period. Finally, M&T Bank Corp raised its stake in FS Investment Corporation by 4.4% in the first quarter. Muzinich & Co Inc is the second biggest holder with 9 million shares now valued at 92.87 million whilst LPL Financial Corp has 4 million shares valued at 36.97 million.

FS Investment Corporation (NYSE:FSIC) opened at 8.95 on Wednesday. At present time the stock is moving -9.88% away to its 200-day moving average.

Diverting focus on other technical analysis indicators that are on noticeable point, FS Investment Corporation (FSIC) price is presently trading at a gap of -3.03% from an average price of last twenty days and stands at a distance of -3.69% away from it's an average price of recent fifty days. As per WSJ analytic report, FSIC for the Q3 this year, the current consensus earnings per share trend estimates was $0.20, while for one month ago estimates was $0.20. For the current year the company's revenue estimates are $408.12 Million compared to low analyst estimates of $399 Million and high estimates of $415.66 Million according to the prediction of 4 analysts.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. The dividend payment was $0.223 per share for the quarter which is $0.89 annualized. "(C) Ex-Dividend Date Scheduled for August 03, 2017" on August 02, 2017. FS Investment Corporation's payout ratio is 87.26%.

FS Investment Corporation (NYSE:FSIC) last released its earnings results on Wednesday, August 9th. If you are accessing this report on another domain, it was stolen and reposted in violation of US & global copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/12/creative-planning-sells-21653-shares-of-fs-investment-corporation-nysefsic-2-updated-updated.html.

Several equities research analysts recently commented on FSIC shares.

FS Investment Corporation was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating.

After the giving short look at one day return of FS Investment Corporation (FSIC) it is observed that FSIC reported a decrease of -1.98% return in current trading session. Keefe, Bruyette & Woods restated a "hold" rating and set a $10.00 price objective on shares of FS Investment Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of "Hold" and an average target price of $9.93. The shares were acquired at an average price of $8.88 per share, for a total transaction of $198,201.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. The shares were bought at an average price of $8.41 per share, for a total transaction of $143,811.00. Following the completion of the purchase, the director now directly owns 34,063 shares in the company, valued at approximately $302,479.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 55,980 shares of company stock valued at $489,371.

FS Investment Corp (NYSE:FSIC)'s revenue estimates for the current quarter are $99.85 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $102.62 Million in contradiction of low revenue estimates of $97.95 Million.

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