FS Investment Co. (FSIC) CEO Purchases $123,144.00 in Stock

FS Investment Co. (NYSE:FSIC) CEO Michael C. Forman acquired 16,800 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of $7.33 per share, with a total value of $123,144.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of FS Investment Co. (NYSE:FSIC) opened at $7.45 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market cap of $1,830.65, a PE ratio of 8.28, a price-to-earnings-growth ratio of 3.20 and a beta of 0.93. FS Investment Co. has a 1 year low of $7.05 and a 1 year high of $10.80.

Large investors have recently modified their holdings of the company. Advisory Services Network LLC grew its position in shares of FS Investment by 3.6% during the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after buying an additional 400 shares during the period. Shelton Capital Management acquired a new stake in shares of FS Investment during the 2nd quarter worth approximately $111,000. Lakeview Capital Partners LLC acquired a new stake in shares of FS Investment during the 3rd quarter worth approximately $108,000. Capital Analysts LLC acquired a new stake in shares of FS Investment during the 4th quarter worth approximately $1,115,000. Finally, Lehman Financial Resources Inc. acquired a new stake in shares of FS Investment during the 4th quarter worth approximately $103,000. Institutional investors own 31.96% of the company’s stock.

Several research firms have weighed in on FSIC. BidaskClub cut shares of FS Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of FS Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. National Securities restated a “neutral” rating and issued a $10.00 price objective on shares of FS Investment in a research report on Monday, November 13th. ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet cut shares of FS Investment from a “b-” rating to a “c+” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. FS Investment currently has a consensus 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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