Creative Planning's holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period. Muzinich & Co. Inc. raised its stake in FS Investment Corporation by 32.0% in the first quarter. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider's stock valued at $297,000 after buying an additional 425 shares during the last quarter. Finally, M Holdings Securities Inc. increased its position in FS Investment Corporation by 2.6% in the first quarter. West Family Investments Inc sold 39,700 shares as the company's stock rose 1.55% with the market. Advisory Services Network bought a new stake in FS Investment Corporation during the Q1 valued roughly $110,000. 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 last quarter. Gilbert & Cook Inc. now owns 794,256 shares of the financial services provider's stock worth $7,784,000 after buying an additional 57,562 shares during the last quarter.
FS Investment Corporation (FSIC) has the market capitalization of $2.13 Billion. The stock touched 52-week High of $10.80 on 03/01/17 and 52-week Low of $8.43 on 08/10/17. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in the Company's operations or the economy generally due to terrorism or natural disasters, future changes in laws or regulations and conditions in the Company's operating area, and the price at which shares of common stock may trade on the New York Stock Exchange.
FS Investment Corporation (NYSE:FSIC) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. However a year ago for the same quarter the company has reported $0.47 EPS. FS Investment Corporation had a return on equity of 8.90% and a net margin of 59.88%. The company had revenue of $98.70 million during the quarter, compared to the consensus estimate of $103.14 million. Equities research analysts forecast that FS Investment Corporation will post $0.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be issued a dividend of $0.2228 per share. The dividend payment was $0.223 per share for the quarter which comes to $0.89 on an annualized basis. The ex-dividend date was set for Monday the 19th of June 2017. FS Investment Corporation's payout ratio is 87.26%.
On the other hand the company has Relative Strength Index (RSI 14) of 22.68 along with Average True Range (ATR 14) of 0.17, Consequently FS Investment Corp (NYSE:FSIC)'s weekly and monthly volatility is 2.92%, 1.69% respectively. If you are accessing this story on another site, it was illegally stolen and reposted in violation of US & worldwide copyright & trademark law.More news: Submarine owner suspected of murder faces custody hearing
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FSIC has been the subject of a number of analyst reports.
In terms of Buy, Sell or Hold recommendations, FS Investment Corp (NYSE:FSIC) has analysts' mean recommendation of 2.7. Zacks Investment Research downgraded FS Investment Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Friday, April 28th. Finally, National Securities reaffirmed a "neutral" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Monday, May 15th.
7/18/2017 - FS Investment Corporation was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating.
Taking a broader look at the analyst consensus, according to 6 analysts FS Investment Corp (NYSE:FSIC)'s price will reach at $9.75 during 52 weeks.
In other FS Investment Corporation news, CEO Michael C. Forman purchased 22,320 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Adelman purchased 11,160 shares of the company's 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 completion of the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. Commonwealth Equity Services Inc bought 571,929 shares as the company's stock declined 15.89% while stock markets rallied.