Headlines about FS Investment Corporation (NYSE:FSIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FS Investment Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.43128224967 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- FS Investment Corporation (FSIC) CEO Acquires $17,359.65 in Stock (americanbankingnews.com)
- FS Investment Becomes Oversold (nasdaq.com)
- FS Investment Corp (FSIC) Seeing Increased Volatility in Session - Evergreen Caller (evergreencaller.com)
- FS Investment Corporation’s (FSIC) Neutral Rating Reiterated at National Securities (americanbankingnews.com)
- See what the IHS Markit Score report has to say about FS Investment Corp. (finance.yahoo.com)
Shares of FS Investment Corporation (FSIC) traded down 0.59% during mid-day trading on Friday, reaching $8.40. 784,054 shares of the company’s stock traded hands. FS Investment Corporation has a 12-month low of $8.30 and a 12-month high of $10.80. The stock has a 50-day moving average price of $8.96 and a 200 day moving average price of $9.53.
FS Investment Corporation (NYSE:FSIC) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.01. The firm had revenue of $98.70 million during the quarter, compared to analyst estimates 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 research analysts forecast that FS Investment Corporation will post $0.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.89 annualized dividend and a yield of 10.61%. FS Investment Corporation’s dividend payout ratio is currently 87.26%.
A number of brokerages have recently issued reports on FSIC. National Securities reaffirmed a “neutral” rating and set a $10.00 price objective on shares of FS Investment Corporation in a research note on Monday. BidaskClub cut FS Investment Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.80.
TRADEMARK VIOLATION NOTICE: This news story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://stocknewstimes.com/2017/08/18/fs-investment-corporation-fsic-receiving-somewhat-favorable-press-coverage-report-finds-updated.html.
In related news, CEO Michael C. Forman purchased 22,320 shares of the stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average cost of $8.88 per share, with a total value of $198,201.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Adelman purchased 11,160 shares of the stock in a transaction dated Thursday, June 22nd. The shares were bought at an average cost of $8.88 per share, for a total transaction of $99,100.80. Following the completion of the purchase, the director now owns 34,063 shares in the company, valued at $302,479.44. The disclosure for this purchase can be found here. Insiders acquired a total of 56,738 shares of company stock worth $493,577 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
About FS Investment Corporation
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.
Receive News & Ratings for FS Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
