Somewhat Positive Media Coverage Somewhat Unlikely to Impact FS Investment (FSIC) Share Price
Headlines about FS Investment (NYSE:FSIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FS Investment earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.5525303740087 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- FS Investment (FSIC) Earns “Buy” Rating from National Securities (americanbankingnews.com)
- JPMorgan Chase Agents $3.435B Revolver for FS/KKR Advisor (abladvisor.com)
- FS Investment (FSIC) Given a $8.00 Price Target by Keefe, Bruyette & Woods Analysts (americanbankingnews.com)
- Form 8-K Corporate Capital Trust, For: Aug 09 (streetinsider.com)
- FS Investment (FSIC) Posts Quarterly Earnings Results, Hits Expectations (americanbankingnews.com)
NYSE FSIC traded down $0.05 during trading on Friday, hitting $7.55. 1,722 shares of the company’s stock traded hands, compared to its average volume of 1,235,962. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.76. FS Investment has a 12-month low of $6.95 and a 12-month high of $8.75. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.21 and a beta of 0.93.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Wednesday, September 19th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 18th. This represents a $0.76 annualized dividend and a yield of 10.07%. FS Investment’s payout ratio is 91.57%.
A number of research analysts recently commented on FSIC shares. National Securities reissued a “buy” rating and issued a $11.00 target price on shares of FS Investment in a research note on Monday. Wells Fargo & Co raised FS Investment from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 24th. Zacks Investment Research cut FS Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine cut FS Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 target price on shares of FS Investment in a research note on Friday, August 10th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.17.
FS Investment Company Profile
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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