MML Investors Services LLC grew its position in FS Investment Corporation (NYSE:FSIC) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 583,063 shares of the financial services provider’s stock after acquiring an additional 35,612 shares during the quarter. MML Investors Services LLC owned about 0.24% of FS Investment Corporation worth $5,335,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of FS Investment Corporation by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 362 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of FS Investment Corporation by 1.4% in the first quarter. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 425 shares during the period. HighTower Advisors LLC boosted its holdings in shares of FS Investment Corporation by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 579 shares during the period. M Holdings Securities Inc. boosted its holdings in shares of FS Investment Corporation by 2.6% in the first quarter. M Holdings Securities Inc. now owns 36,820 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 917 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of FS Investment Corporation by 1.0% in the first quarter. Sei Investments Co. now owns 98,386 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 1,011 shares during the period. 32.47% of the stock is owned by institutional investors and hedge funds.

Shares of FS Investment Corporation (FSIC) traded down 0.311% on Thursday, hitting $8.025. The stock had a trading volume of 429,474 shares. The company’s 50-day moving average price is $8.42 and its 200 day moving average price is $9.15. FS Investment Corporation has a 12-month low of $7.95 and a 12-month high of $10.80.

FS Investment Corporation (NYSE:FSIC) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). FS Investment Corporation had a return on equity of 8.92% and a net margin of 59.88%. The firm had revenue of $98.70 million during the quarter, compared to the consensus estimate of $103.14 million. On average, equities research analysts expect that FS Investment Corporation will post $0.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Tuesday, September 19th. FS Investment Corporation’s dividend payout ratio is presently 87.26%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/21/fs-investment-corporation-fsic-shares-bought-by-mml-investors-services-llc.html.

In other news, CEO Michael C. Forman acquired 17,100 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $8.41 per share, with a total value of $143,811.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 23,375 shares of company stock worth $197,251 in the last three months. Company insiders own 1.00% of the company’s stock.

Several equities research analysts have recently weighed in on FSIC shares. BidaskClub raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. National Securities reaffirmed a “neutral” rating and set a $10.00 price target on shares of FS Investment Corporation in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $10.00 price target on shares of FS Investment Corporation in a report on Tuesday, July 25th. Finally, ValuEngine cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.00.

FS Investment Corporation 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.

Want to see what other hedge funds are holding FSIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Investment Corporation (NYSE:FSIC).

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

Receive News & Ratings for FS Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.