FS Investment Corporation (FSIC) Holdings Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its holdings in FS Investment Corporation (NYSE:FSIC) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 390,250 shares of the financial services provider’s stock after acquiring an additional 11,000 shares during the quarter. Neuberger Berman Group LLC owned 0.16% of FS Investment Corporation worth $3,571,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FSIC. Muzinich & Co. Inc. increased its position in shares of 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 valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter. UBS Group AG increased its position in shares of 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 valued at $23,849,000 after buying an additional 1,194,896 shares in the last quarter. Van ECK Associates Corp increased its position in shares of FS Investment Corporation by 28.0% in the first quarter. Van ECK Associates Corp now owns 1,373,878 shares of the financial services provider’s stock valued at $13,464,000 after buying an additional 300,741 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 valued at $19,496,000 after buying an additional 279,230 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of FS Investment Corporation by 38.6% in the second quarter. Stratos Wealth Partners LTD. now owns 510,582 shares of the financial services provider’s stock valued at $4,672,000 after buying an additional 142,143 shares in the last quarter. 32.49% of the stock is owned by institutional investors.

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A number of brokerages have recently weighed in on FSIC. Keefe, Bruyette & Woods set a $10.00 price target on FS Investment Corporation and gave the company a “hold” rating in a research report on Wednesday, May 31st. ValuEngine cut FS Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut FS Investment Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut FS Investment Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, National Securities restated a “neutral” rating and issued a $10.00 price target on shares of FS Investment Corporation in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.00.

In related news, CEO Michael C. Forman bought 22,320 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average cost of $8.88 per share, with a total value of $198,201.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David J. Adelman purchased 11,160 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average cost of $8.88 per share, for a total transaction of $99,100.80. Following the completion of the transaction, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $302,479.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 56,855 shares of company stock valued at $494,554. 1.00% of the stock is currently owned by company insiders.

Shares of FS Investment Corporation (FSIC) opened at 8.25 on Thursday. The company’s 50-day moving average price is $8.54 and its 200-day moving average price is $9.24. FS Investment Corporation has a 52-week low of $8.02 and a 52-week high of $10.80.

FS Investment Corporation (NYSE:FSIC) last announced its earnings results on Wednesday, August 9th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. The company had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $103.14 million. Equities analysts expect that FS Investment Corporation will post $0.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.2228 per share. This represents a $0.89 annualized dividend and a dividend yield of 10.80%. The ex-dividend date of this dividend is Tuesday, September 19th. FS Investment Corporation’s dividend payout ratio is 87.26%.

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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