FS Investment (FSIC) Receiving Somewhat Positive News Coverage, Analysis Shows

Headlines about FS Investment (NYSE:FSIC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FS Investment earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5137314281916 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have effected Accern’s analysis:

Shares of FS Investment (NYSE FSIC) opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12. FS Investment has a 52 week low of $7.32 and a 52 week high of $10.80. The firm has a market capitalization of $1,890.00, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 3.21 and a beta of 0.94.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.76 annualized dividend and a yield of 9.87%. FS Investment’s payout ratio is currently 85.39%.

A number of research firms recently commented on FSIC. TheStreet downgraded FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research downgraded FS Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded FS Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub upgraded FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods set a $9.00 target price on FS Investment and gave the stock a “hold” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.56.

In other FS Investment news, Director Thomas Gravina bought 4,500 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were purchased at an average price of $7.66 per share, with a total value of $34,470.00. Following the completion of the purchase, the director now owns 42,300 shares in the company, valued at approximately $324,018. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman bought 16,531 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were acquired at an average cost of $7.46 per share, for a total transaction of $123,321.26. The disclosure for this purchase can be found here. Insiders have acquired 107,512 shares of company stock worth $816,937 over the last three months. 1.00% of the stock is currently owned by insiders.

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About FS Investment

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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