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Creative Planning Lowers Stake in FS Investment Corporation (NYSE:FSIC)

12 August 2017

As of the end of the quarter Cambridge Investment Research Advisors, Inc. had bought 110,543 shares growing its position 4.9%.

Want to see what other hedge funds are holding FSIC?

West Family Investments Inc decreased its stake in Citigroup Inc (C) by 50% based on its latest 2016Q4 regulatory filing with the SEC. In the last three months, insiders bought 38,880 shares of company stock worth $345,560. Two Sigma Investments LP now owns 130,222 shares of the financial services provider's stock worth $1,341,000 after buying an additional 51,520 shares during the period. Exencial Wealth Advisors LLC increased its position in FS Investment Corporation by 4.4% in the first quarter. Muzinich & Co Inc is the second biggest holder with 9 million shares now valued at 92.87 million whilst LPL Financial Corp has 4 million shares valued at 36.97 million. Finally, M Holdings Securities Inc. increased its position in FS Investment Corporation by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 267,095 shares of the financial services provider's stock worth $2,618,000 after buying an additional 92,778 shares during the last quarter. Past 5 years growth of FS Investment Corp (NYSE:FSIC) observed at 22.98%, looking forward for the next 5 years it has a strong prediction of 3% over growth. Ameriprise Financial Inc. now owns 2,399,407 shares of the financial services provider's stock valued at $21,943,000 after buying an additional 401,657 shares in the last quarter.

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Shares of FS Investment Corporation (FSIC) opened at 8.40 on Friday. These holdings make up 28.83% of the company's outstanding shares. The stock touched 52-week High of $10.80 on 03/01/17 and 52-week Low of $8.43 on 08/10/17. The company has a 50-day moving average of $9.04 and a 200-day moving average of $9.60. Sumitomo Mitsui Trust Holdings Inc. increased its position in FS Investment Corporation by 2.2% in the second quarter. 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. Return on Equity (ROE) stands at 16.2% and Return on Investment (ROI) of 5.2 percent. The firm had revenue of $106.06 million for the quarter, compared to analyst estimates of $101.94 million. On average, analysts forecast that FS Investment Corporation will post $0.78 earnings per share for the current fiscal year.

The company also declared a dividend paid on Wednesday the 5th of July 2017. Shareholders of record on Wednesday, June 21st were issued a dividend of $0.2228 per share. The dividend payment was $0.223 per share for the quarter which comes to $0.89 on an annualized basis. The ex-dividend date of this dividend was Monday, June 19th. FS Investment Corporation's dividend payout ratio (DPR) is presently 87.26%.

Let's have a look at some of the important valuation ratios of the FS Investment Corporation (FSIC). If you are viewing this story on another domain, it was stolen and republished in violation of United States and global copyright law. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/08/09/fs-investment-corporation-nysefsic-receiving-favorable-news-coverage-study-shows-updated-updated-updated.html.

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Other research analysts also recently issued research reports about the stock.

FS Investment Corporation on 6/29/2017 reported its EPS as $0.47 with the analysts projecting the EPS of the stock as $0.22.

Equities research analysts expect FS Investment Corporation (NYSE:FSIC) to announce sales of $103.14 million for the current quarter, Zacks Investment Research reports. DA Davidson initiated FS Investment Corporation (NYSE:FSIC) on Wednesday, September 30 with "Buy" rating. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. Finally, National Securities restated a neutral rating and set a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th. Also, CEO Michael C. Forman acquired 22,320 shares of the company's stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average cost of $8.88 per share, with a total value of $99,100.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The stock was purchased at an average price of $8.88 per share, for a total transaction of $198,201.60. Following the completion of the purchase, the director now directly owns 34,063 shares in the company, valued at approximately $302,479.44.

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