Finally, Ameriprise Financial Inc. increased its stake in shares of FS Investment Corporation by 20.1% in the second quarter.
Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald upgraded FS Investment Corporation (NYSE:FSIC) on Monday, January 11 to "Buy" rating.
FS Investment Corp (NYSE:FSIC) shares traded on -2.79% down secure line and closed at $8.7. The stock of FS Investment Corporation (NYSE:FSIC) earned "Neutral" rating by Sterne Agee CRT on Friday, December 18. BidaskClub lowered shares of FS Investment Corporation from a "sell" rating to a "strong sell" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock.
News coverage about FS Investment Corporation (NYSE:FSIC) has been trending positive on Wednesday, according to Accern. Seekingalpha.com's news article titled: "FS Investment's (FSIC) CEO Michael Forman on Q2 2017 Results - Earnings Call ..." with publication date: August 10, 2017 was also an interesting one.
Nomura Holdings Inc decreased Fs Investment Corp (FSIC) stake by 3.23% reported in 2016Q4 SEC filing. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02.
FS Investment Corporation has a dividend payout ratio of 109.9% meaning the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. The business had revenue of $98.70 million for the quarter, compared to analysts' expectations of $103.14 million. On average, equities analysts forecast that FS Investment Corporation will post $0.84 EPS for the current fiscal year. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law. The dividend was $0.223 per share for the quarter or $0.89 annualized. The ex-dividend date was set for Monday the 19th of June 2017. The dividend yield was $9.58. The shares were purchased at an average price of $8.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was bought at an average price of $8.88 per share, with a total value of $198,201.60. Following the completion of the purchase, the director now directly owns 34,063 shares in the company, valued at approximately $302,479.44. In the last three months, insiders bought 38,880 shares of company stock worth $345,560. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock. 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 (NYSE:FSIC) last announced its quarterly earnings data on Wednesday, August 9th. 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. Sowell Financial Services LLC increased its stake in FS Investment Corporation by 0.8% in the first quarter. UBS Group AG now owns 2,433,563 shares of the financial services provider's stock valued at $23,849,000 after buying an additional 1,194,896 shares during the period. Muzinich & Co. Inc. increased its stake in shares of FS Investment Corporation by 32.0% in the first quarter. Company insiders own 1.00% of the company's stock. Raymond James Financial Services Advisors Inc. raised its position in shares of FS Investment Corporation by 16.8% in the first quarter. Bank of Nova Scotia now owns 413,000 shares of the financial services provider's stock worth $4,047,000 after buying an additional 100,000 shares during the last quarter. Gilbert & Cook Inc. increased its stake in FS Investment Corporation by 7.8% 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.
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. The Company's investment objectives are to generate current income and long-term capital appreciation.