Capital Investment Advisory Services LLC raised its stake in FS Investment Corporation (NYSE:FSIC) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 25,767 shares of the financial services provider’s stock after buying an additional 1,250 shares during the period. Capital Investment Advisory Services LLC’s holdings in FS Investment Corporation were worth $236,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of FS Investment Corporation during the first quarter valued at $110,000. Wayne Hummer Investments L.L.C. acquired a new stake in shares of FS Investment Corporation during the first quarter valued at $112,000. BLB&B Advisors LLC acquired a new stake in shares of FS Investment Corporation during the first quarter valued at $113,000. JPMorgan Chase & Co. acquired a new stake in shares of FS Investment Corporation during the first quarter valued at $122,000. Finally, Exencial Wealth Advisors LLC increased its stake in shares of FS Investment Corporation by 4.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,311 shares of the financial services provider’s stock valued at $147,000 after buying an additional 650 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

FS Investment Corporation (FSIC) opened at 8.95 on Friday. FS Investment Corporation has a 12 month low of $8.76 and a 12 month high of $10.80. The company’s 50-day moving average price is $9.10 and its 200 day moving average price is $9.66.

FS Investment Corporation (NYSE:FSIC) last posted its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. FS Investment Corporation had a return on equity of 9.44% and a net margin of 86.84%. The company had revenue of $106.06 million during the quarter, compared to analysts’ expectations of $101.94 million. Equities analysts expect that FS Investment Corporation will post $0.84 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Tuesday, July 25th. Zacks Investment Research raised FS Investment Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday. BidaskClub downgraded FS Investment Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. National Securities reaffirmed a “neutral” rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Monday, May 15th. Finally, TheStreet raised FS Investment Corporation from a “c” rating to a “b” rating in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.79.

In related news, Director David J. Adelman acquired 11,160 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average cost of $8.88 per share, with a total value of $99,100.80. Following the transaction, the director now owns 34,063 shares of the company’s stock, valued at $302,479.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael C. Forman acquired 22,320 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were bought at an average cost of $8.88 per share, with a total value of $198,201.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,880 shares of company stock valued at $345,560 over the last ninety days. 1.00% of the stock is owned by insiders.

FS Investment Corporation 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 Corporation (NYSE:FSIC)

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