Insider Buying: FS Investment Co. (FSIC) Director Purchases $38,800.00 in Stock

FS Investment Co. (NYSE:FSIC) Director Thomas Gravina purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were bought at an average price of $7.76 per share, for a total transaction of $38,800.00. Following the purchase, the director now directly owns 47,300 shares in the company, valued at approximately $367,048. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Thomas Gravina also recently made the following trade(s):

  • On Thursday, January 4th, Thomas Gravina acquired 4,500 shares of FS Investment stock. The stock was acquired at an average cost of $7.66 per share, for a total transaction of $34,470.00.
  • On Tuesday, January 2nd, Thomas Gravina acquired 5,000 shares of FS Investment stock. The stock was acquired at an average cost of $7.54 per share, for a total transaction of $37,700.00.

FS Investment Co. (NYSE FSIC) opened at $7.65 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1,880.00, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94. FS Investment Co. has a 12-month low of $7.32 and a 12-month high of $10.80.

FS Investment (NYSE:FSIC) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $103.69 million during the quarter, compared to analysts’ expectations of $97.03 million. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. equities analysts predict that FS Investment Co. will post 0.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date of this dividend was Tuesday, December 19th. FS Investment’s dividend payout ratio (DPR) is 85.39%.

Several analysts have recently commented on FSIC shares. ValuEngine raised shares of FS Investment from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of FS Investment from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment and gave the stock a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a report on Tuesday, October 10th. Finally, National Securities reissued a “neutral” rating and set a $10.00 price target on shares of FS Investment in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. FS Investment has a consensus rating of “Hold” and an average target price of $9.56.

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of FS Investment by 1,053.3% in the second quarter. JPMorgan Chase & Co. now owns 144,136 shares of the financial services provider’s stock valued at $1,319,000 after buying an additional 131,638 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of FS Investment by 70.4% in the third quarter. Pinebridge Investments L.P. now owns 94,370 shares of the financial services provider’s stock valued at $797,000 after buying an additional 38,990 shares during the last quarter. Koch Industries Inc. raised its position in shares of FS Investment by 737.1% in the second quarter. Koch Industries Inc. now owns 300,044 shares of the financial services provider’s stock valued at $270,000 after buying an additional 264,201 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of FS Investment by 9.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,065,607 shares of the financial services provider’s stock valued at $9,004,000 after buying an additional 95,645 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of FS Investment in the second quarter valued at about $184,000. Institutional investors and hedge funds own 32.36% of the company’s stock.

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FS Investment Company 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.

Insider Buying and Selling by Quarter for FS Investment (NYSE:FSIC)

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