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. For the quarter ending Dec-17, 4 analysts have a mean sales target of 102.33 million whilst for the year ending Dec-17, 4 analysts have a mean target of 408.12 million. Finally, BidaskClub raised FS Investment Corporation from a sell rating to a hold rating in a report on Wednesday, June 28th.
FS Investment Corporation (FSIC) opened at 8.40 on Friday. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.02. For the current year the company's revenue estimates are $408.12 Million compared to low analyst estimates of $399 Million and high estimates of $415.66 Million according to 4 number of analysts.
Zacks Investment Research upgraded shares of FS Investment Corporation (NYSE:FSIC) from a sell rating to a hold rating in a report issued on Tuesday, July 18th. Keefe, Bruyette & Woods reissued a "hold" rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Tuesday, July 25th. Analysts predict that FS Investment Corporation will post $0.78 EPS for the current fiscal year. Lastly, National Securities restated a "neutral" recommendation and fixed a $10.00 target price on stock of FS Investment Corporation in a study note on early Mon, May 15th. TheStreet raised FS Investment Corporation from a c rating to a b rating in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the 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.
FS Investment Corporation (NYSE:FSIC) last released its earnings results on Wednesday, August 9th. FS Investment Corporation has a 52 week low of $8.30 and a 52 week high of $10.80. The firm's 50-day moving average is $9.05 and its 200-day moving average is $9.61.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. FS Investment Corporation's dividend payout ratio is presently 58.55%.
In related news, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $8.88 per share, with a total value of $99,100.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
In other FS Investment Corporation news, CEO Michael C. Forman acquired 22,320 shares of the firm's stock in a transaction that occurred on Thursday, June 22nd. The institutional investor held 39,700 shares of the major banks company at the end of 2016Q4, valued at $2.36M, down from 79,400 at the end of the previous reported quarter.
Several large investors have recently modified their holdings of FSIC. First Financial Equity Corporation acquired a new stake in shares of FS Investment Corporation during the first quarter worth approximately $177,000. Private Advisor Group, LLC grew its ownership by buying 153,798 shares an increase of 8.0%. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider's stock valued at $297,000 after buying an additional 425 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of FS Investment Corporation by 1.0% in the first quarter. Exencial Wealth Advisors LLC increased its position in FS Investment Corporation by 4.4% in the first quarter. Van ECK Associates Corp now owns 1,672,044 shares of the financial services provider's stock valued at $15,299,000 after buying an additional 298,166 shares during the period. Goldman Sachs Group Inc. increased its stake in FS Investment Corporation by 53.2% in the first quarter.
Other hedge funds have also made changes to their positions in the company.
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