FS Investment Co. (FSIC) Stake Lifted by RFG Advisory Group LLC

RFG Advisory Group LLC lifted its position in FS Investment Co. (NYSE:FSIC) by 465.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,610 shares of the financial services provider’s stock after purchasing an additional 137,160 shares during the quarter. RFG Advisory Group LLC owned approximately 0.07% of FS Investment worth $1,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSIC. JPMorgan Chase & Co. boosted its position in shares of FS Investment by 1,053.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 144,136 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 131,638 shares during the period. California Public Employees Retirement System boosted its position in shares of FS Investment by 5.4% in the 2nd quarter. California Public Employees Retirement System now owns 489,500 shares of the financial services provider’s stock valued at $4,479,000 after purchasing an additional 25,100 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of FS Investment in the 2nd quarter valued at about $184,000. Shelton Capital Management acquired a new stake in shares of FS Investment in the 2nd quarter valued at about $111,000. Finally, Gotham Asset Management LLC boosted its position in shares of FS Investment by 21.2% in the 2nd quarter. Gotham Asset Management LLC now owns 31,009 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 5,416 shares during the period. 31.96% of the stock is owned by hedge funds and other institutional investors.

Shares of FS Investment Co. (NYSE:FSIC) opened at $7.50 on Thursday. FS Investment Co. has a 1 year low of $7.05 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market capitalization of $1,830.65, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93.

FSIC has been the subject of a number of recent research reports. National Securities raised FS Investment from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut FS Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub cut FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, TheStreet cut FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. FS Investment has an average rating of “Hold” and an average price target of $9.42.

In other FS Investment news, CEO Michael C. Forman purchased 33,500 shares of FS Investment stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $7.45 per share, with a total value of $249,575.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael John Kelly purchased 10,000 shares of FS Investment stock in a transaction dated Thursday, December 28th. The stock was acquired at an average cost of $7.49 per share, with a total value of $74,900.00. Following the completion of the acquisition, the insider now directly owns 35,000 shares in the company, valued at $262,150. The disclosure for this purchase can be found here. Insiders have acquired a total of 195,372 shares of company stock valued at $1,465,401 over the last ninety days. 1.07% of the stock is owned by insiders.

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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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