Snapshot of Recent Traded Stock: FS Investment Corporation (FSIC)

Finally, Ameriprise Financial Inc. increased its stake in shares of FS Investment Corporation by 20.1% in the second quarter.

Forman, CEO reported the purchase of 1,200 shares of (FSIC). TheStreet upgraded shares of FS Investment Corporation from a c rating to a b rating in a report on Monday, April 17th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Friday, April 28th. Barclays lowered the price target and downgraded the stock on September 7 changing the price objective from $10.00 to $9.00 and changing the rating from "Overweight" to "Equal-weight".

FS Investment Corporation (FSIC) is dealing with current price of $8.77 after traded 2.78 million shares in today current trading session. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock.

Taking a broader look brokerage firms' analysts on the street with an expectant view have FS Investment Corp (NYSE:FSIC) high price target of $11 and with a conservative view have low price target of $8.5. Additionally FS Investment Corporation recently declared a dividend for shareholders that was paid on Wednesday the 5th of July 2017. The company's 50 day moving average price is $9.03 and its 200-day moving average price is $9.59. FS Investment Corporation has a 52 week low of $8.30 and a 52 week high of $10.80. The value of the total investment in FS Investment Corporation went from $19,496,000 to $21,943,000 increasing 12.6% quarter to quarter. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.02. The return on equity ratio or ROE stands at 16.2 percent while most common profitability ratio return on investment (ROI) was 5.2 percent. Last quarter, the company saw 5.04 million in total revenues. Equities research analysts forecast that FS Investment Corporation will post $0.78 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was first reported by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of US and global copyright law. FS Investment had 12 analyst reports since August 12, 2015 according to SRatingsIntel. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The ex-dividend date is Tuesday, September 19th.

Ellison: Kim Jong-Un Is 'Acting More Responsibly' Than Trump
Ellison, a Minnesota Democrat, later retracted that but still said he thinks Trump is "irresponsible". He continued, "The time for cranking up the antiwar machine is right now".

In associated news, Chief Executive Officer Michael C. Forman bought 17,100 stocks of the company's shares in a trade that took place on Thurs, Aug 10th. The shares were acquired at an average price of $8.88 per share, for a total transaction of $198,201.60. Following the completion of the purchase, the director now owns 34,063 shares in the company, valued at $302,479.44.

Director David J. Adelman disclosed the purchase of 1,200 shares. Insiders purchased 38,880 shares of company stock valued at $345,560 in the last three months. To conclude comes the ratings part in which the company was evaluated with "1" Analyst of WSJ going for Buy ratings in current phase.

Other hedge funds also recently added to or reduced their stakes in the company. Muzinich & Co. Inc. now owns 9,670,172 shares of the financial services provider's stock valued at $88,482,000 after buying an additional 193,652 shares during the last quarter. The institutional investor owned 356,793 shares of the financial services provider's stock after selling 220,900 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of FS Investment Corporation by 9.5% in the first quarter. These ratios are important while doing valuation of the company or the shares of the company. HighTower Advisors LLC increased its position in FS Investment Corporation by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 2,399,407 shares of the financial services provider's stock valued at $21,943,000 after buying an additional 401,657 shares in the last quarter. WealthPLAN Partners LLC increased its stake in shares of FS Investment Corporation by 1,812.2% in the second quarter. M Holdings Securities Inc. now owns 36,820 shares of the financial services provider's stock valued at $361,000 after buying an additional 917 shares during the last quarter.

FS Investment Corp (NYSE:FSIC)'s revenue estimates for the current quarter are $99.85 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $102.62 Million in contradiction of low revenue estimates of $97.95 Million.

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