California Public Employees Retirement System increased its holdings in shares of FS Investment Co. (NYSE:FSIC) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 539,400 shares of the financial services provider’s stock after acquiring an additional 49,900 shares during the quarter. California Public Employees Retirement System’s holdings in FS Investment were worth $4,558,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FSIC. McAdam LLC increased its position in FS Investment by 1.5% in the second quarter. McAdam LLC now owns 26,358 shares of the financial services provider’s stock worth $241,000 after buying an additional 389 shares during the last quarter. Advisory Services Network LLC increased its position in FS Investment by 3.6% in the second quarter. Advisory Services Network LLC now owns 11,577 shares of the financial services provider’s stock worth $106,000 after buying an additional 400 shares during the last quarter. Cetera Investment Advisers increased its position in FS Investment by 10.6% in the second quarter. Cetera Investment Advisers now owns 15,482 shares of the financial services provider’s stock worth $141,000 after buying an additional 1,485 shares during the last quarter. BlueCrest Capital Management Ltd increased its position in FS Investment by 7.7% in the second quarter. BlueCrest Capital Management Ltd now owns 27,323 shares of the financial services provider’s stock worth $250,000 after buying an additional 1,942 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in FS Investment by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 254,724 shares of the financial services provider’s stock worth $2,330,000 after buying an additional 5,104 shares during the last quarter. Institutional investors and hedge funds own 32.36% of the company’s stock.

In related news, Director Michael J. Hagan purchased 30,000 shares of FS Investment stock in a transaction dated Wednesday, December 13th. The stock was bought at an average cost of $7.84 per share, for a total transaction of $235,200.00. Following the completion of the transaction, the director now owns 70,000 shares in the company, valued at $548,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Gravina purchased 4,500 shares of FS Investment stock in a transaction dated Thursday, January 4th. The stock was bought at an average price of $7.66 per share, with a total value of $34,470.00. Following the completion of the transaction, the director now owns 42,300 shares of the company’s stock, valued at approximately $324,018. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 107,512 shares of company stock valued at $816,937. 1.00% of the stock is owned by company insiders.

Shares of FS Investment Co. (NYSE:FSIC) opened at $7.65 on Wednesday. The stock has a market capitalization of $1,880.00, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94. FS Investment Co. has a 52-week low of $7.32 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.12 and a quick 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company had revenue of $103.69 million during the quarter, compared to analysts’ expectations of $97.03 million. FS Investment had a return on equity of 8.97% and a net margin of 52.49%. equities analysts predict that FS Investment Co. will post 0.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 20th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 9.93%. The ex-dividend date was Tuesday, December 19th. FS Investment’s dividend payout ratio (DPR) is presently 85.39%.

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods set a $9.00 target price on FS Investment and gave the stock a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research raised FS Investment from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Tuesday, October 10th. BidaskClub raised FS Investment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine raised FS Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of FS Investment in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. FS Investment currently has a consensus rating of “Hold” and an average target price of $9.56.

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FS Investment 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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