Several large investors have recently modified their holdings of FSIC. M Holdings Securities Inc. increased its stake in FS Investment Corporation by 2.6% in the first quarter. In the last three months, insiders acquired 38,880 shares of company stock worth $345,560. HighTower Advisors LLC raised its position in shares of FS Investment Corporation by 1.0% in the first quarter. The stock declined 1.68% or $0.15 reaching $8.8 per share. Ameriprise Financial Inc. raised its stake in FS Investment Corporation by 16.2% in the first quarter. Legal & General Group Plc now owns 584,724 shares of the financial services provider's stock worth $5,716,000 after buying an additional 50,874 shares in the last quarter. Ameriprise Financial Inc. increased its position in FS Investment Corporation by 20.1% in the second 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. FS Investment Corporation is based in United States. 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.
Other hedge funds have also made changes to their positions in the company.
ILLEGAL ACTIVITY NOTICE: "FS Investment Corporation (NYSE:FSIC) Reaches New 12-Month Low at $8.58" was published by Transcript Daily and is the sole property of of Transcript Daily. These ratios are important while doing valuation of the company or the shares of the company. Ares Management Llc who had been investing in Fs Investment Corp for a number of months, seems to be bullish on the $2.13B market cap company. 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.
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FS Investment Corporation (NYSE:FSIC) remained flat at $9.05 during mid-day trading on Thursday. Note, this compares with a consensus analyst forecast of 0.2 in earnings per share for its next fiscal quarterly report. The return on equity ratio or ROE stands at 16.2 percent while most common profitability ratio return on investment (ROI) was 5.2 percent.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. The dividend was $0.223 per share for the quarter which is $0.89 annualized. The ex-dividend date of this dividend was Monday, June 19th.
News coverage about FS Investment Corporation (NYSE:FSIC) has been trending positive on Wednesday, according to Accern. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & global trademark and copyright law.
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Forman, CEO reported the purchase of 1,200 shares of (FSIC).
FS Investment Corporation (NYSE:FSIC) was lowered by Equities research analysts at BidaskClub from a "hold" recommendation to a "sell" recommendation in a research note released on early Mon, Jul 17th. JP Morgan maintained FS Investment Corporation (NYSE:FSIC) rating on Thursday, August 11. 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. Cantor Fitzgerald upgraded the shares of FSIC in report on Monday, January 11 to "Buy" rating. 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 stock. The stock of FS Investment Corporation (NYSE:FSIC) earned "Neutral" rating by Sterne Agee CRT on Friday, December 18. The shares were acquired at an average price of $8.88 per share, for a total transaction of $99,100.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
In other news, Director David J. Adelman bought 11,160 shares of the 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. Following the completion of the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. It primarily originates and invests in senior secured loans and other securities of private US companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation.
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