Shares of FS Investment Co. (NYSE:FSIC) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

Several brokerages recently commented on FSIC. Zacks Investment Research raised FS Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. National Securities boosted their price target on FS Investment from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Wells Fargo & Co raised FS Investment from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 24th. ValuEngine lowered FS Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.00 price target on shares of FS Investment in a research note on Friday, August 10th.

Shares of FSIC stock opened at $7.60 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.82 billion, a P/E ratio of 9.16, a P/E/G ratio of 3.21 and a beta of 0.93. FS Investment has a one year low of $6.95 and a one year high of $8.75.

FS Investment (NYSE:FSIC) last announced its quarterly earnings results on Thursday, August 9th. The financial services provider reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $95.58 million for the quarter, compared to analyst estimates of $98.53 million. FS Investment had a return on equity of 8.96% and a net margin of 19.88%. research analysts expect that FS Investment will post 0.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Wednesday, September 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date is Tuesday, September 18th. FS Investment’s dividend payout ratio is currently 91.57%.

Institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC acquired a new position in FS Investment in the second quarter worth $100,000. Castle Rock Wealth Management LLC acquired a new position in FS Investment in the second quarter worth $103,000. BLB&B Advisors LLC acquired a new position in FS Investment in the second quarter worth $133,000. Tower Research Capital LLC TRC boosted its stake in FS Investment by 85.8% in the second quarter. Tower Research Capital LLC TRC now owns 22,205 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 10,251 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in FS Investment by 246.6% in the second quarter. Bank of America Corp DE now owns 23,223 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 16,523 shares in the last quarter. 32.58% of the stock is currently owned by institutional investors.

About FS Investment

FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

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