Michael C. Forman Purchases 16,800 Shares of FS Investment Co. (FSIC) Stock

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman bought 16,800 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $7.33 per share, for a total transaction of $123,144.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FS Investment Co. (NYSE FSIC) opened at $7.45 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.74. FS Investment Co. has a 12 month low of $7.05 and a 12 month high of $10.80. The stock has a market cap of $1,830.65, a price-to-earnings ratio of 8.28, a P/E/G ratio of 3.20 and a beta of 0.93.

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services Inc boosted its holdings in FS Investment by 1.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 12,467,400 shares of the financial services provider’s stock valued at $105,349,000 after purchasing an additional 220,296 shares during the period. LPL Financial LLC boosted its holdings in FS Investment by 12.0% in the 4th quarter. LPL Financial LLC now owns 5,171,905 shares of the financial services provider’s stock valued at $38,013,000 after purchasing an additional 552,231 shares during the period. Millennium Management LLC boosted its holdings in FS Investment by 9,310.6% in the 4th quarter. Millennium Management LLC now owns 3,158,473 shares of the financial services provider’s stock valued at $23,215,000 after purchasing an additional 3,124,910 shares during the period. Ameriprise Financial Inc. boosted its holdings in FS Investment by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,770 shares of the financial services provider’s stock valued at $20,196,000 after purchasing an additional 19,363 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in FS Investment by 6.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,218,069 shares of the financial services provider’s stock valued at $19,186,000 after purchasing an additional 139,059 shares during the period. 31.96% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on FSIC. ValuEngine lowered shares of FS Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of FS Investment from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. TheStreet lowered shares of FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. BidaskClub lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, National Securities reiterated a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a research note on Monday, November 13th. Two 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. FS Investment presently has an average rating of “Hold” and an average target price of $9.42.

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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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