FS Investment Corporation (FSIC) Rating Reduced to Sell at BidaskClub

Creative Planning’s holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. Mackenzie Financial Corp boosted its stake in shares of FS Investment Corporation by 62.0% in the first quarter. The analysts estimated sales for the higher end at 102.72 million and lower end at 95 million while the year ago reported sale was 106.64 million.

FS Investment Corporation (NYSE:FSIC) last released its quarterly earnings data on Wednesday, August 9th.

ILLEGAL ACTIVITY NOTICE: “FS Investment Corporation (NYSE:FSIC) Reaches New 12-Month Low at $8.58″ was published by Transcript Daily and is the sole property of of Transcript Daily. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. FS Investment Corporation had a net margin of 86.84% and a return on equity of 9.44%. The company had revenue of $98.70 million during the quarter, compared to the consensus estimate of $103.14 million.

FS Investment Corporation (NYSE:FSIC) tinted loss of -2.79% (-0.25 points) to US$8.7. Keefe, Bruyette & Woods restated a “hold” recommendation and fixed a $10.00 target price on stock of FS Investment Corporation in a study note published on Fri, Apr 28th. Equities research analysts expect that FS Investment Corporation will post $0.78 earnings per share for the current year. National Securities reiterated a neutral rating and set a $10.00 price target on shares of FS Investment Corporation in a research report on Monday, May 15th. Cantor Fitzgerald upgraded FS Investment Corporation (NYSE:FSIC) on Monday, January 11 to “Buy” rating. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company.

March 2 investment analysts at JP Morgan left the company rating at “Neutral” but moved down the price target from $9.00 to $8.50. It also upped Intercontinental Exchange In (Put) (NYSE:ICE) stake by 120,600 shares and now owns 132,000 shares. FS Investment had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The firm’s 50-day moving average is $9.05 and its 200-day moving average is $9.61.

The company also declared a dividend paid on Wednesday the 5th of July 2017. The dividend payment was $0.223 per share for the quarter which is $0.89 annualized. FS Investment Corporation’s dividend payout ratio (DPR) is presently 87.26%. The shares were bought on June 23rd for an average price of $8.93. Following the completion of the acquisition, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $302,479.44. The stock was purchased at an average price of $8.88 per share, for a total transaction of $198,201.60.

Director David J. Adelman disclosed the purchase of 1,200 shares. In the last three months, insiders bought 38,880 shares of company stock worth $345,560. Two Sigma Investments LP increased its stake in shares of FS Investment Corporation by 65.5% in the fourth quarter. Sowell Financial Services LLC now owns 386,396 shares of the financial services provider’s stock worth $3,555,000 after buying an additional 3,083 shares during the last quarter.

Nomura Holdings Inc increased Fifth Third Bancorp (NASDAQ:FITB) stake by 69,847 shares to 101,978 valued at $2.75 million in 2016Q4. M Holdings Securities Inc. now owns 35,903 shares of the financial services provider’s stock worth $370,000 after buying an additional 3,267 shares during the period.

Additionally, the Company announced that FB Income Advisor, LLC, the investment adviser to the Company (“FB Advisor”), has agreed, effective October 1, 2017 and through September 30, 2018, to (a) waive a portion of the base management fee to which it is entitled under the amended and restated investment advisory agreement between FB Advisor and the Company, dated as of July 17, 2014 (the “Investment Advisory Agreement”), so that the fee received equals 1.50% of the average value of the Company’s gross assets and (b) continue to calculate the subordinated incentive fee on income to which it is entitled under the Investment Advisory Agreement as if the base management fee was 1.75% of the average value of the Company’s gross assets. M&T Bank Corp now owns 1,640,622 shares of the financial services provider’s stock worth $16,078,000 after buying an additional 68,719 shares during the period. Ameriprise Financial Inc. increased its position in FS Investment Corporation by 20.1% in the second quarter. Institutional investors and hedge funds own 32.76% of the company’s stock. If you are viewing this report on another site, it was stolen and reposted in violation of United States and global trademark and copyright legislation.