Press coverage about FS Investment Corporation (NYSE:FSIC) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FS Investment Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.5797535127933 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Discover High Dividend Stock: FS Investment Corporation (FSIC) triggers Yield of 10.42% – Voice Of Analysts (analystsbuzz.com)
- Stock with lower future earnings – FS Investment Corporation (FSIC … – Street Observer (press release) (streetobserver.com)
- FS Investment Corporation (NYSE:FSIC) Experiences Heavy … – First News 24 (firstnewspaper24.com)
- FS Investment Corporation, (NYSE: FSIC): Hot Stock That Must Be in Your Portfolio – Stock Watch (stocksnewstimes.com)
- FS Investment Corp (FSIC) Valuation ReviewExpert Gazette | Expert … – ExpertGazette (expertgazette.com)
Shares of FS Investment Corporation (NYSE FSIC) opened at 8.45 on Thursday. FS Investment Corporation has a 12-month low of $7.95 and a 12-month high of $10.80. The firm has a 50-day moving average of $8.28 and a 200 day moving average of $9.00.
FS Investment Corporation (NYSE:FSIC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $98.70 million during the quarter, compared to analyst estimates of $103.14 million. FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. On average, equities analysts predict that FS Investment Corporation will post $0.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 20th were paid a $0.2228 dividend. The ex-dividend date was Tuesday, September 19th. This represents a $0.89 dividend on an annualized basis and a yield of 10.54%. FS Investment Corporation’s dividend payout ratio is presently 87.26%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. National Securities reaffirmed a “neutral” rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Monday, August 14th. Finally, ValuEngine lowered shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. FS Investment Corporation currently has an average rating of “Hold” and an average price target of $9.75.
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In other FS Investment Corporation news, CEO Michael C. Forman acquired 17,100 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $8.41 per share, for a total transaction of $143,811.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 21,575 shares of company stock worth $181,177. 1.00% of the stock is currently owned by company insiders.
FS Investment Corporation 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.
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