Sigma Planning Corp lessened its holdings in FS Investment Co. (NYSE:FSIC) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 165,564 shares of the financial services provider’s stock after selling 20,368 shares during the period. Sigma Planning Corp’s holdings in FS Investment were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in FSIC. Strategic Wealth Advisors Group LLC boosted its holdings in FS Investment by 673.1% in the third quarter. Strategic Wealth Advisors Group LLC now owns 974,141 shares of the financial services provider’s stock worth $8,231,000 after purchasing an additional 848,144 shares during the period. Oak Point Wealth Management acquired a new position in FS Investment in the fourth quarter worth $2,461,000. Koch Industries Inc. boosted its holdings in FS Investment by 737.1% in the second quarter. Koch Industries Inc. now owns 300,044 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 264,201 shares during the period. Advisor Group Inc. boosted its holdings in FS Investment by 16.7% in the third quarter. Advisor Group Inc. now owns 1,743,026 shares of the financial services provider’s stock worth $14,728,000 after purchasing an additional 249,179 shares during the period. Finally, Commonwealth Equity Services Inc boosted its holdings in FS Investment by 1.8% in the third quarter. Commonwealth Equity Services Inc now owns 12,467,400 shares of the financial services provider’s stock worth $105,349,000 after purchasing an additional 220,296 shares during the period. 31.96% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Michael C. Forman acquired 33,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $7.45 per share, for a total transaction of $249,575.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael C. Forman acquired 17,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $7.25 per share, for a total transaction of $123,975.00. The disclosure for this purchase can be found here. Insiders acquired 178,572 shares of company stock worth $1,342,257 over the last quarter. 1.07% of the stock is currently owned by company insiders.

Shares of FS Investment Co. (NYSE FSIC) opened at $7.35 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $1,781.51, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. FS Investment Co. has a one year low of $7.05 and a one year high of $10.80.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut FS Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet cut FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. ValuEngine cut FS Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. National Securities upgraded FS Investment from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. Finally, BidaskClub cut FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.42.

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FS Investment Profile

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. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

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Institutional Ownership by Quarter for FS Investment (NYSE:FSIC)

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