FS Investment Corporation (NYSE:FSIC) Experiences Heavier than Average Trading Volume

The Company will make available under the "Presentations and Reports" page within the "Investor Relations" section of the Company's website ( a presentation providing an overview of the Company's operating results for the quarter ended June 30, 2017 in advance of its previously announced August 10, 2017 conference call.

While considering growth estimates of the company, it has next quarter growth estimates of -57.4% whereas during current quarter it has -65.5% estimations over growth, comparing to the estimations of -30.6% during current year and -2.4% for next year.

News coverage about FS Investment Corporation (NYSE:FSIC) has been trending positive on Wednesday, according to Accern.

Currently FS Investment Corp (NYSE:FSIC)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 32.4%. As per WSJ analytic report, FSIC for the Q3 this year, the current consensus earnings per share trend estimates was $0.20, while for one month ago estimates was $0.20. FS Investment Corporation had a return on equity of 8.90% and a net margin of 59.88%.

A number of analysts have recently weighed in on the company.

FS Investment Corporation (FSIC) is dealing with current price of $8.77 after traded 2.78 million shares in today current trading session. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Friday, April 28th.

According to analysts FS Investment Corp (NYSE:FSIC)'s minimum EPS for the current quarter is at $0.19 and can go high up to $0.22. National Securities restated a "neutral" rating and set a $10.00 price target on shares of FS Investment Corporation in a research report on Monday, May 15th. Finally, TheStreet upgraded FS Investment Corporation from a "c" rating to a "b" rating in a report on Monday, April 17th. The company now has an average rating of "Hold" and a consensus price target of $9.79. The correct version of this report can be read at The company's stock had a trading volume of 1,511,821 shares. The stock tapped a 52-week high of US$40.18 while the mean 12-month price target for the shares is US$36.75. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -7.50% from last close price of 8.35 and act as support or resistance of price limit.

The company also declared a dividend paid on Wednesday the 5th of July 2017. The Barclays Plc holds 14,200 shares with $578,000 value, down from 22,400 last quarter. Also, Director David J. Adelman purchased 11,160 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The stock was bought at an average price of $8.88 per share, with a total value of $99,100.80. Following the purchase, the director now owns 34,063 shares of the company's stock, valued at approximately $302,479.44.

In other news, CEO Michael C. Forman purchased 17,100 shares of the company's stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $8.41 per share, for a total transaction of $143,811.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 38,880 shares of company stock valued at $345,560.

Several other hedge funds also recently added to or reduced their stakes in the stock.

FS Investment Corp (NYSE:FSIC)'s trailing twelve month revenues are $425.8 Million, whereas its price to sales ratio for the same period is 4.84. 1 investment expert has recommended the share with a sell recommendation, around seven have published a hold recommendation and 1 has given a buy recommendation to the firms shares. Goldman Sachs Group Inc. now owns 267,095 shares of the financial services provider's stock worth $2,618,000 after buying an additional 92,778 shares during the last quarter. CWM LLC increased its stake in shares of FS Investment Corporation by 206.1% in the first quarter. Muzinich & Co Inc is the second biggest holder with 9 million shares now valued at 92.87 million whilst LPL Financial Corp has 4 million shares valued at 36.97 million. Goldman Sachs Group Inc. increased its stake in FS Investment Corporation by 53.2% in the first quarter. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Sports Perspectives and is owned by of Sports Perspectives.

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