Financial Update of FS Investment Corporation (NYSE:FSIC)

Following previous thoughts, shifting focus on performance of the FS Investment Corporation (NYSE:FSIC) that has shown a discernible change in trend levels over the path of recent market activity. The Company kept a record of 243.60 million floated shares and 245.15 million shares outstanding. FS Investment Corporation is based in United States. Hedge funds and other institutional investors own 31.84% of the company's stock.

COPYRIGHT VIOLATION WARNING: "FS Investment Corporation to Issue Quarterly Dividend of $0.22 (FSIC)" was first posted by Rincon Hill News and is the sole property of of Rincon Hill News. M Holdings Securities Inc. now owns 35,903 shares of the financial services provider's stock worth $370,000 after buying an additional 3,267 shares during the period. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of FS Investment Corporation during the first quarter worth $246,000. UBS Group AG now owns 2,433,563 shares of the financial services provider's stock worth $23,849,000 after buying an additional 1,194,896 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of FS Investment Corporation by 16.8% in the first quarter. Private Advisor Group LLC now owns 2,079,010 shares of the financial services provider's stock valued at $18,815,000 after buying an additional 153,798 shares during the period. Finally, M&T Bank Corp raised its stake in FS Investment Corporation by 4.4% in the first quarter. Gilbert & Cook Inc. now owns 794,256 shares of the financial services provider's stock worth $7,784,000 after buying an additional 57,562 shares during the last quarter. With 732,700 shares average volume, it will take short sellers 8 days to cover their FSIC's short positions. FS Investment Corporation has a 12 month low of $8.30 and a 12 month high of $10.80. The company's 50 day moving average price is $9.03 and its 200-day moving average price is $9.59.

On August 9, 2017, FS Investment Corporation (the "Company") issued a press release (the "Press Release") providing an overview of its operating results for the quarter ended June 30, 2017. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. First Financial Equity Corporation bought a new position in shares of FS Investment Corporation during the first quarter valued at $177,000.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. This represents a $0.89 dividend on an annualized basis and a yield of 10.61%. The ex-dividend date was set for Monday the 19th of June 2017.

According to Zacks, "FS Investment Corporation is a business development company".

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On the other hand the company has Relative Strength Index (RSI 14) of 22.68 along with Average True Range (ATR 14) of 0.17, Consequently FS Investment Corp (NYSE:FSIC)'s weekly and monthly volatility is 2.92%, 1.69% respectively. If you are accessing this report on another domain, it was stolen and reposted in violation of USA & worldwide copyright legislation. The original version of this article can be viewed at https://weekherald.com/2017/08/10/ngam-advisors-l-p-cuts-position-in-fs-investment-corporation-fsic.html.

A number of analysts have recently weighed in on FSIC shares.

Equities research analysts expect FS Investment Corporation (NYSE:FSIC) to announce sales of $103.14 million for the current quarter, Zacks Investment Research reports.

FS Investment Corporation (NYSE:FSIC) belongs to Financial sector, other than individual factors many other macro and micro factors also effects whole sector and industries. National Securities reissued a neutral rating and set a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock.

Receive FS Investment Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Investment Corporation with MarketBeat.com's FREE daily email newsletter. Also, CEO Michael C. Forman bought 22,320 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $8.88 per share, for a total transaction of $198,201.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 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 acquisition, the director now directly owns 34,063 shares in the company, valued at approximately $302,479.44. M Holdings Securities Inc. now owns 36,820 shares of the financial services provider's stock worth $361,000 after buying an additional 917 shares during the last quarter.

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