Commerce Bank lowered its stake in FS Investment Corporation (NYSE:FSIC) by 14.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 300,569 shares of the financial services provider’s stock after selling 50,631 shares during the period. Commerce Bank owned 0.12% of FS Investment Corporation worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSIC. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of FS Investment Corporation by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,493 shares of the financial services provider’s stock valued at $151,000 after buying an additional 362 shares during the period. McAdam LLC boosted its holdings in shares of FS Investment Corporation by 1.5% in the 2nd quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock valued at $241,000 after buying an additional 389 shares during the period. Advisory Services Network LLC boosted its holdings in shares of FS Investment Corporation by 3.6% in the 2nd quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock valued at $106,000 after buying an additional 400 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of FS Investment Corporation by 5.1% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 25,767 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,250 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of FS Investment Corporation by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock valued at $141,000 after buying an additional 1,485 shares during the period. 33.14% of the stock is owned by institutional investors.

FS Investment Corporation (NYSE FSIC) traded up $0.15 during trading on Friday, reaching $8.20. 1,309,810 shares of the company’s stock were exchanged, compared to its average volume of 1,103,663. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market cap of $2,010.00, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 3.40 and a beta of 0.94. FS Investment Corporation has a 52-week low of $7.65 and a 52-week high of $10.80.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Tuesday, December 19th. FS Investment Corporation’s payout ratio is 100.00%.

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Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of FS Investment Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $9.00 price target on shares of FS Investment Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. National Securities reaffirmed a “neutral” rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Monday, November 13th. Finally, ValuEngine lowered shares of FS Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.56.

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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