FS Investment Co. (FSIC) Shares Sold by Strategic Financial Group LLC

Strategic Financial Group LLC lessened its stake in FS Investment Co. (NYSE:FSIC) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,300 shares of the financial services provider’s stock after selling 9,471 shares during the quarter. Strategic Financial Group LLC’s holdings in FS Investment were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services Inc increased its stake in FS Investment by 1.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 12,467,400 shares of the financial services provider’s stock valued at $105,349,000 after buying an additional 220,296 shares during the period. Ameriprise Financial Inc. increased its stake in FS Investment by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,418,770 shares of the financial services provider’s stock valued at $20,196,000 after buying an additional 19,363 shares during the period. Private Advisor Group LLC increased its stake in FS Investment by 6.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,218,069 shares of the financial services provider’s stock valued at $19,186,000 after buying an additional 139,059 shares during the period. Advisor Group Inc. increased its stake in FS Investment by 16.7% in the 3rd quarter. Advisor Group Inc. now owns 1,743,026 shares of the financial services provider’s stock valued at $14,728,000 after buying an additional 249,179 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in FS Investment by 2.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,185,437 shares of the financial services provider’s stock valued at $10,017,000 after buying an additional 27,716 shares during the period. Hedge funds and other institutional investors own 32.19% of the company’s stock.

FS Investment Co. (NYSE:FSIC) opened at $7.30 on Friday. FS Investment Co. has a 12 month low of $7.05 and a 12 month high of $10.80. The company has a market cap of $1,842.94, a price-to-earnings ratio of 8.82, a PEG ratio of 3.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.12 and a current ratio of 2.12.

FS Investment (NYSE:FSIC) last announced its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. FS Investment had a net margin of 52.49% and a return on equity of 8.97%. The company had revenue of $103.69 million for the quarter, compared to analyst estimates of $97.03 million. research analysts forecast that FS Investment Co. will post 0.8 earnings per share for the current year.

Several brokerages have recently commented on FSIC. Zacks Investment Research upgraded shares of FS Investment from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Monday, November 13th. National Securities upgraded shares of FS Investment from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. ValuEngine upgraded shares of FS Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet lowered shares of FS Investment from a “b-” rating to a “c+” rating in a research note on Thursday, January 11th. Finally, BidaskClub lowered shares of FS Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.42.

In other news, Director Michael J. Hagan acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $7.84 per share, with a total value of $235,200.00. Following the acquisition, the director now owns 70,000 shares in the company, valued at $548,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Kelly acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were purchased at an average cost of $7.49 per share, with a total value of $74,900.00. Following the completion of the acquisition, the insider now owns 35,000 shares in the company, valued at approximately $262,150. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 161,472 shares of company stock worth $1,218,282. 1.07% of the stock is currently owned by company insiders.

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FS Investment Company Profile

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.

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Institutional Ownership by Quarter for FS Investment (NYSE:FSIC)

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