FS Investment Corporation (FSIC) Stake Increased by IFC Holdings Incorporated FL

FSIC Reports Second Quarter 2017 Financial Results and Declares Regular Distribution for Third Quarter.

Several large investors have recently added to or reduced their stakes in the stock. FS Investment Corporation also recently declared a dividend paid on Wednesday the 5th of July 2017. Over the last quarter, insiders bought 38,880 shares of company stock worth $345,560. HighTower Advisors LLC now owns 58,338 shares of the financial services provider's stock worth $573,000 after buying an additional 579 shares during the last 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 last quarter. IFP Advisors Inc raised its stake in FS Investment Corporation by 29.3% in the first quarter. Finally, JPMorgan Chase & Co. purchased a new position in FS Investment Corporation during the first quarter valued at approximately $122,000.

With 732,700 shares average volume, it will take short sellers 8 days to cover their FSIC's short positions. Company chares are trading at $8.65 a bit lower than the 50 day moving average which is $9.07 and marginally under the 200 day moving average of $9.65. FS Investment Corporation has a 12-month low of $8.30 and a 12-month high of $10.80.

Now we move forward to see the historical returns of FS Investment Corporation (FSIC) which is U.S. based stock. The financial services provider reported $0.22 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.02.

Net profit margin of the company is seen at 86.80%. The firm had revenue of $98.70 million during the quarter, compared to analyst estimates of $103.14 million.

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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. Investors of record on Wednesday, September 20th will be given a dividend of $0.2228 per share. This represents a $0.89 dividend on an annualized basis and a yield of 10.61%. "(C) Ex-Dividend Date Scheduled for August 03, 2017" on August 02, 2017. FS Investment Corporation's payout ratio is presently 87.26%.

ILLEGAL ACTIVITY NOTICE: "Gilbert & Cook Inc". NGAM Advisors L.P.'s holdings in FS Investment Corporation were worth $3,265,000 at the end of the most recent quarter. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of USA & global copyright and trademark legislation. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/08/11/fs-investment-corporation-fsic-shares-bought-by-goldman-sachs-group-inc-updated.html. FS Investment Corporation's dividend payout ratio is now 87.26%. The value of the investment in FS Investment Corporation decreased from $4,576,000 to $3,554,000 a change of $1,022,000 since the last quarter. Zacks Investment Research lowered shares of FS Investment Corporation from a "buy" rating to a "hold" rating in a report on Thursday, August 3rd.

FS Investment Corporation was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating. The stock of FS Investment Corporation (NYSE:FSIC) has "Hold" rating given on Sunday, July 23 by Keefe Bruyette & Woods. The stock of FS Investment Corporation (NYSE:FSIC) earned "Market Perform" rating by Wells Fargo on Friday, March 3.

Additionally on 8/11/16 JP Morgan "Maintained" FS Investment Corp (NYSE:FSIC) to Neutral setting price target at $9.5 and on 3/02/16 JP Morgan "Maintained" the stock to Neutral at $8.5. David J. Adelman, Director disclosed the purchase of 600 shares of FSIC stock. The shares were acquired at an average cost of $8.88 per share, with a total value of $198,201.60. Also, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The disclosure for this purchase can be found here. The Nomura Holdings Inc holds 1.17M shares with $12.01M value, down from 1.21M last quarter. The stock exchanged hands 2.77 Million shares versus average trading capacity of 1.07 Million shares, yielding a market cap of $2.06 Billion. V Wealth Management LLC increased its position in shares of FS Investment Corporation by 11.1% in the first quarter. The Company's investment objectives are to generate current income and long-term capital appreciation. It may purchase interests in loans or make other debt investments, including investments in senior secured bonds, through secondary market transactions in the over-the-counter market or directly from target companies as primary market or directly originated investments.

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