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FS Investment Corporation (FSIC) Trades at New 52-Week High

12 August 2017

Several other hedge funds also recently added to or reduced their stakes in the stock. FS Investment Corporation's payout ratio is 87.26%. In the last quarter, insiders bought 55,980 shares of company stock valued at $489,371. The Company also announced that, subject to market conditions, the Company's board of directors now intends to reduce the regular cash distribution for the fourth quarter and subsequent quarters to $0.19 per share and to make a special distribution in the fourth quarter of 2018 that equates to the cumulative amount, if any, of net investment income earned during the twelve months following October 1, 2017 that is in excess of $0.76 per share. Sowell Financial Services LLC now owns 386,396 shares of the financial services provider's stock worth $3,555,000 after buying an additional 3,083 shares during the last quarter. WealthPLAN Partners LLC increased its stake in shares of FS Investment Corporation by 1,812.2% in the second quarter. WealthPLAN Partners LLC now owns 485,724 shares of the financial services provider's stock valued at $4,444,000 after buying an additional 460,323 shares in the last quarter. Mackenzie Financial Corp now owns 94,188 shares of the financial services provider's stock worth $923,000 after buying an additional 36,057 shares in the last quarter. FS Investment had 12 analyst reports since August 12, 2015 according to SRatingsIntel. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value.

Nomura Holdings Inc decreased Fs Investment Corp (FSIC) stake by 3.23% reported in 2016Q4 SEC filing. Ameriprise Financial Inc. now owns 2,399,407 shares of the financial services provider's stock valued at $21,943,000 after buying an additional 401,657 shares during the period. The stock touched 52-week High of $10.80 on 03/01/17 and 52-week Low of $8.43 on 08/10/17. The day began at US$23.12 but the price moved to US$22.52 at one point during the trading and finally capitulating to a session high of US$23.24. The correct version of this report can be read at https://theolympiareport.com/2017/08/11/bidaskclub-lowers-fs-investment-corporation-fsic-to-strong-sell.html. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $98.70 million for the quarter, compared to analyst estimates of $103.14 million. On average, equities research analysts anticipate that FS Investment Corporation will post $0.84 earnings per share for the current fiscal year. Stockholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. This represents a $0.89 annualized dividend and a dividend yield of 10.61%.

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Creative Planning decreased its position in shares of FS Investment Corporation (NYSE:FSIC) by 21.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). If you are viewing this report on another site, it was stolen and reposted in violation of USA and global trademark and copyright legislation.

FS Investment Corporation was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating.

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ILLEGAL ACTIVITY NOTICE: "FS Investment Corporation (NYSE:FSIC) Upgraded by Zacks Investment Research to Hold" was published by Community Financial News and is the property of of Community Financial News. Keefe, Bruyette & Woods set a $10.00 price target on FS Investment Corporation and gave the company a "hold" rating in a report on Wednesday, May 31st. TheStreet raised FS Investment Corporation from a c rating to a b rating in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Finally, National Securities restated a "neutral" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Monday, May 15th. Also, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction on Thursday, June 22nd. The shares were bought on June 23rd for an average price of $8.93. David J. Adelman, Director acquired $5,358 worth of shares at an average price of $8.93 on Friday the 23rd. The stock was acquired at an average cost of $8.88 per share, with a total value of $198,201.60.

Director David J. Adelman disclosed the purchase of 1,200 shares.

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FS Investment Corp (NYSE:FSIC)'s revenue estimates for the current quarter are $99.85 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $102.62 Million in contradiction of low revenue estimates of $97.95 Million.