FS Investment Corporation (FSIC) Releases Earnings Results, Misses Expectations By $0.01 EPS


IFC Holdings Incorporated FL boosted its stake in FS Investment Corporation (NYSE:FSIC) by 36.2% during the second quarter, according to its most recent disclosure with the SEC.

FS Investment Corporation (FSIC) trying to make some eye-catching movements in term of technical analysis. IFC Holdings Incorporated FL's holdings in FS Investment Corporation were worth $4,232,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock.

FS Investment Corporation (FSIC) has the market capitalization of $2.13 Billion. 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 valued at $6,960,000 after buying an additional 161,032 shares in the last quarter. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in the Company's operations or the economy generally due to terrorism or natural disasters, future changes in laws or regulations and conditions in the Company's operating area, and the price at which shares of common stock may trade on the New York Stock Exchange. Finally, FC Advisory LLC bought a new stake in FS Investment Corporation during the first quarter worth about $323,000. The firm owned 837,103 shares of the financial services provider's stock after buying an additional 42,847 shares during the period.

FS Investment Corporation (NYSE FSIC) opened at 8.40 on Friday. D L Carlson Invest accumulated 49,720 shares or 1.01% of the stock.

Company chares are trading at $8.70 marginally under the 50 day moving average of $9.07 and barely below the 200 day moving average of $9.65. Its return on investment ratio was 5.20% in the trailing 12 months period. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters' 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 company had revenue of $106.06 million for the quarter, compared to analyst estimates of $101.94 million. Finally, TheStreet upgraded FS Investment Corporation from a "c" rating to a "b" rating in a research report on Monday, April 17th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.2228 per share. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The ex-dividend date was Monday the 19th of June 2017.

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A number of equities analysts have commented on the company. Zacks Investment Research downgraded FS Investment Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, May 2nd. DA Davidson initiated FS Investment Corporation (NYSE:FSIC) on Wednesday, September 30 with "Buy" rating.

Here is the rundown on market activity for FS Investment Corporation (NYSE:FSIC). Keefe, Bruyette & Woods set a $10.00 price objective on shares of FS Investment Corporation and gave the company a "hold" rating in a report on Wednesday, May 31st.

7/18/2017 - FS Investment Corporation was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. FS Investment Corporation has a 1-year low of $8.43 and a 1-year high of $10.80. Feltz Wealth PLAN Inc. purchased a new position in shares of FS Investment Corporation during the first quarter valued at about $246,000. The shares were bought on June 23rd for an average price of $8.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Director David J. Adelman acquired 1,200 shares at an average price of $8.94 on May 19th. Following the purchase, the director now directly owns 34,063 shares of the company's stock, valued at approximately $302,479.44. The Company also announced that, subject to market conditions, the Company's board of directors now intends to reduce the regular cash distribution for the fourth quarter and subsequent quarters to $0.19 per share and to make a special distribution in the fourth quarter of 2018 that equates to the cumulative amount, if any, of net investment income earned during the twelve months following October 1, 2017 that is in excess of $0.76 per share. The Company's investment objectives are to generate current income and long-term capital appreciation.