BLB&B Advisors LLC Has $113,000 Position in FS Investment Corporation (FSIC)

BLB&B Advisors LLC continued to hold its position in FS Investment Corporation (NYSE:FSIC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the financial services provider’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in FS Investment Corporation were worth $113,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FSIC. Tocqueville Asset Management L.P. increased its position in FS Investment Corporation by 8.5% in the first quarter. Tocqueville Asset Management L.P. now owns 23,000 shares of the financial services provider’s stock worth $225,000 after buying an additional 1,800 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in FS Investment Corporation by 103.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 860,296 shares of the financial services provider’s stock worth $8,430,000 after buying an additional 436,519 shares during the period. Exencial Wealth Advisors LLC increased its position in FS Investment Corporation by 4.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,311 shares of the financial services provider’s stock worth $147,000 after buying an additional 650 shares during the period. IFP Advisors Inc increased its position in FS Investment Corporation by 29.3% in the first quarter. IFP Advisors Inc now owns 710,172 shares of the financial services provider’s stock worth $6,960,000 after buying an additional 161,032 shares during the period. Finally, Paragon Capital Management Ltd bought a new position in FS Investment Corporation during the first quarter worth about $155,000. Institutional investors and hedge funds own 32.30% of the company’s stock.

FS Investment Corporation (NYSE:FSIC) traded down 0.59% during midday trading on Friday, hitting $8.40. 784,054 shares of the company were exchanged. The stock has a 50 day moving average of $8.94 and a 200-day moving average of $9.52. FS Investment Corporation has a 1-year low of $8.30 and a 1-year high of $10.80.

FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $103.14 million. FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. On average, equities analysts expect that FS Investment Corporation will post $0.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be given a dividend of $0.2228 per share. The ex-dividend date is Tuesday, September 19th. This represents a $0.89 dividend on an annualized basis and a yield of 10.61%. FS Investment Corporation’s dividend payout ratio (DPR) is 87.26%.

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FSIC has been the topic of several recent analyst reports. Zacks Investment Research raised shares of FS Investment Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.00 target price on shares of FS Investment Corporation in a research report on Friday, April 28th. BidaskClub raised shares of FS Investment Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, National Securities reissued a “neutral” rating and set a $10.00 target price on shares of FS Investment Corporation in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.80.

In other FS Investment Corporation news, CEO Michael C. Forman purchased 22,320 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were acquired at an average cost of $8.88 per share, for a total transaction of $198,201.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Adelman purchased 11,160 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was acquired at an average price of $8.88 per share, for a total transaction of $99,100.80. Following the completion of the transaction, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $302,479.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 56,738 shares of company stock worth $493,577. 1.00% of the stock is owned by insiders.

FS Investment Corporation 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.

Institutional Ownership by Quarter for FS Investment Corporation (NYSE:FSIC)

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