FS Investment Corporation (NYSE:FSIC) Reaches New 12-Month Low at $8.58

Bruno Cirelli
Agosto 12, 2017

WARNING: "BidaskClub Lowers FS Investment Corporation (FSIC) to Strong Sell" was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. The Company also announced that, subject to market conditions, the Company's board of directors now intends to reduce the regular cash distribution for the fourth quarter and subsequent quarters to $0.19 per share and to make a special distribution in the fourth quarter of 2018 that equates to the cumulative amount, if any, of net investment income earned during the twelve months following October 1, 2017 that is in excess of $0.76 per share. For the quarter ending Dec-17, 4 analysts have a mean sales target of 102.33 million whilst for the year ending Dec-17, 4 analysts have a mean target of 408.12 million.

7/12/2017 - FS Investment Corporation was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. This continues to be an interesting story, and we look forward to updating it again soon on FS Investment Corporation. Note, this compares with a consensus analyst forecast of 0.2 in earnings per share for its next fiscal quarterly report. Return on Equity (ROE) stands at 16.2% and Return on Investment (ROI) of 5.2 percent.

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Friday, April 28th. On average, equities analysts anticipate that FS Investment Corporation will post $0.78 earnings per share for the current year. National Securities reissued a neutral rating and set a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th. DA Davidson initiated FS Investment Corporation (NYSE:FSIC) on Wednesday, September 30 with "Buy" rating. Keefe Bruyette & Woods maintained it with "Hold" rating and $1000 target in Wednesday, May 31 report. The correct version of this report can be read at https://theolympiareport.com/2017/08/11/bidaskclub-lowers-fs-investment-corporation-fsic-to-strong-sell.html. These holdings make up 28.83% of the company's outstanding shares. FS Investment Corporation had a return on equity of 8.90% and a net margin of 59.88%.

Shares last traded at $8.40 significantly below $9.06, the stock's 50 day moving average and which is quite a bit lower than the 200 day moving average of $9.61. Shareholders of record on Wednesday, June 21st were issued a dividend of $0.2228 per share. "(C) Ex-Dividend Date Scheduled for August 03, 2017" on August 02, 2017. The dividend yield was $9.58.

Director David J. Adelman acquired 1,200 shares at an average price of $8.94 on May 19th. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of $8.88 per share, with a total value of $99,100.80. Over the last ninety days, insiders bought 38,880 shares of company stock valued at $345,560.

Want to see what other hedge funds are holding FSIC? Fs Investment Corp now has $2.16B valuation.

Total shares held by institutions as of the most recent company filings are 70,765,537 with a reported 6,722,171 bought and 2,983,144 sold. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of FS Investment Corporation by 16.8% in the first quarter. WealthPLAN Partners LLC increased its stake in shares of FS Investment Corporation by 1,812.2% in the second quarter. Van ECK Associates Corp now owns 1,672,044 shares of the financial services provider's stock valued at $15,299,000 after buying an additional 298,166 shares during the period. Ameriprise Financial Inc. increased its position in FS Investment Corporation by 20.1% in the second quarter. First Pacific Advsrs Ltd Company reported 11.20M shares. If you are accessing this report on another domain, it was stolen and reposted in violation of USA & worldwide copyright legislation.

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.

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