FS Investment Corporation (NYSE:FSIC) shares hit a new 52-week low on Wednesday . The stock traded as low as $8.58 and last traded at $8.62, with a volume of 2,024,919 shares traded. The stock had previously closed at $8.95.

FSIC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price objective on shares of FS Investment Corporation in a research note on Tuesday, July 25th. BidaskClub lowered shares of FS Investment Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of FS Investment Corporation in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. FS Investment Corporation has an average rating of “Hold” and a consensus target price of $9.79.

The company’s 50-day moving average is $9.07 and its 200-day moving average is $9.65.

FS Investment Corporation (NYSE:FSIC) last issued its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $106.06 million during the quarter, compared to the consensus estimate of $101.94 million. Equities research analysts predict that FS Investment Corporation will post $0.84 EPS for the current fiscal year.

In other news, CEO Michael C. Forman bought 22,320 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was bought at an average price of $8.88 per share, for a total transaction of $198,201.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David J. Adelman bought 11,160 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were purchased at an average price 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 disclosure for this purchase can be found here. In the last 90 days, insiders have bought 38,880 shares of company stock valued at $345,560. 1.00% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. increased its stake in FS Investment Corporation by 32.0% in the first quarter. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider’s stock worth $92,870,000 after buying an additional 2,296,435 shares during the last quarter. UBS Group AG increased its stake in FS Investment Corporation by 96.5% in the first quarter. 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 last quarter. Ameriprise Financial Inc. increased its stake in FS Investment Corporation by 16.2% in the first quarter. Ameriprise Financial Inc. now owns 1,997,750 shares of the financial services provider’s stock worth $19,496,000 after buying an additional 279,230 shares during the last quarter. Private Advisor Group LLC increased its stake in FS Investment Corporation by 6.4% in the first quarter. Private Advisor Group LLC now owns 1,925,212 shares of the financial services provider’s stock worth $18,675,000 after buying an additional 115,030 shares during the last quarter. Finally, M&T Bank Corp increased its stake in FS Investment Corporation by 4.4% in the first quarter. M&T Bank Corp now owns 1,640,622 shares of the financial services provider’s stock worth $16,078,000 after buying an additional 68,719 shares during the last quarter. Institutional investors own 31.84% of the company’s stock.

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About FS Investment Corporation

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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