Several other brokerages also recently weighed in on FSIC. Zacks Investment Research upgraded FS Investment from a hold rating to a buy rating and set a $7.25 target price for the company in a research note on Tuesday, November 13th. ValuEngine downgraded FS Investment from a sell rating to a strong sell rating in a research note on Tuesday, September 18th. Wells Fargo & Co downgraded FS Investment from an outperform rating to a market perform rating in a research note on Thursday, October 4th. Finally, National Securities reduced their price objective on FS Investment from $11.00 to $10.00 and set a buy rating for the company in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. FS Investment has an average rating of Hold and a consensus price target of $8.00.
Shares of NYSE:FSIC opened at $5.67 on Friday. FS Investment has a twelve month low of $5.64 and a twelve month high of $8.24. The company has a market cap of $1.36 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.75.
The company also recently disclosed a special dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a dividend yield of 11.53%. FS Investment’s dividend payout ratio is currently 91.57%.
Several hedge funds have recently made changes to their positions in FSIC. Castle Rock Wealth Management LLC bought a new stake in shares of FS Investment in the 2nd quarter worth approximately $103,000. Commerce Bank bought a new stake in shares of FS Investment in the 3rd quarter worth approximately $127,000. Raymond James Trust N.A. bought a new stake in shares of FS Investment in the 3rd quarter worth approximately $134,000. HRT Financial LLC bought a new stake in shares of FS Investment in the 3rd quarter worth approximately $138,000. Finally, Trexquant Investment LP bought a new stake in shares of FS Investment in the 3rd quarter worth approximately $139,000. Institutional investors own 29.45% of the company’s stock.
FS Investment Company Profile
FS Investment Corp. is a externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.
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