FS Investment Corporation is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry N/A
Sub-IndustryN/A
SectorFinance
SymbolNYSE:FSIC
CUSIPN/A
Phone215-495-1150
Debt
Debt-to-Equity Ratio0.76
Current Ratio2.14
Quick Ratio2.14
Price-To-Earnings
Trailing P/E Ratio8.61
Forward P/E Ratio9.17
P/E Growth3.16
Sales & Book Value
Annual Sales$419.31 million
Price / Sales4.08
Cash Flow$0.8218 per share
Price / Cash8.70
Book Value$9.30 per share
Price / Book0.77
Profitability
EPS (Most Recent Fiscal Year)$0.83
Net Income$181.98 million
Net Margins19.88%
Return on Equity8.96%
Return on Assets4.97%
Miscellaneous
EmployeesN/A
Outstanding Shares239,490,000
Market Cap$1.77 billion
FS Investment (NYSE:FSIC) Frequently Asked Questions
What is FS Investment's stock symbol?
FS Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "FSIC."
How often does FS Investment pay dividends? What is the dividend yield for FS Investment?
FS Investment declared a quarterly dividend on Thursday, August 9th. Stockholders of record on Wednesday, September 19th will be paid a dividend of $0.19 per share on Tuesday, October 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date of this dividend is Tuesday, September 18th. View FS Investment's Dividend History.
How will FS Investment's stock buyback program work?
FS Investment announced that its Board of Directors has authorized a stock buyback plan on Friday, March 2nd 2018, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.
How were FS Investment's earnings last quarter?
FS Investment Co. (NYSE:FSIC) announced its earnings results on Thursday, August, 9th. The financial services provider reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.19. The financial services provider had revenue of $95.58 million for the quarter, compared to the consensus estimate of $98.53 million. FS Investment had a return on equity of 8.96% and a net margin of 19.88%. View FS Investment's Earnings History.
When is FS Investment's next earnings date?
What price target have analysts set for FSIC?
3 brokers have issued twelve-month target prices for FS Investment's stock. Their forecasts range from $8.00 to $11.00. On average, they anticipate FS Investment's stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price. View Analyst Price Targets for FS Investment.
What is the consensus analysts' recommendation for FS Investment?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FS Investment in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for FS Investment.
What are Wall Street analysts saying about FS Investment stock?
Here are some recent quotes from research analysts about FS Investment stock:
- 1. According to Zacks Investment Research, "FS Investment Corporation is a business development company. It primarily originates and invests in senior secured loans and other securities of private U.S. companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation. FS Investment Corporation is based in United States. " (8/15/2018)
- 2. National Securities analysts commented, " FSIC posted adjusted NII/share of $0.19 for 2Q18, two cents shy of our estimate and in-line with the quarterly dividend. The portfolio at cost shrank by $66.6 million Q/Q to $3.66 billion from $3.73 billion. Additionally, despite the portfolio shrinking, prepayment-related income (acceleration of unamortized OID and fees) was minimal during the quarter which also had a negative impact on earnings.
Non-accruals at cost increased to $22.7 million or 0.6% of the portfolio from $1.3 million the quarter prior. H.M. Dunn remained on non-accrual with a cost of $643,000 and Logan’s Roadhouse, a previously restructured credit, was placed back on non-accrual status with a cost of $22.1 million during the quarter. H.M. Dunn and Logan’s are marked at 31% of cost and 28% of cost, respectively.
NAV/share decreased Q/Q to $8.87 from $9.16 as unrealized losses of $110.5 million eclipsed $30.7 million of realized gains in 2Q18. The decline was related to write-downs in ThermaSys, Advanced Lighting, Hudson Technologies, Logan’s Roadhouse, and Global Jet Capital. The realized gains were driven by full exits of three different equity investments, with a fourth likely being done subsequent to quarter-end as a sale of the company was announced.
FSIC continues to make progress on reducing its restructured and non-income producing equity portfolio. The merger with CCT will likely increase comprehensive senior secured loan exposure (including the JV) and we expect there to be a reduced probability of NAV declines going forward.
We are revising 2018 adjusted NII/share estimate to $0.79 from $0.81 and our 2019 adjusted NII/share estimate to $0.88 from $0.92. We are maintaining our BUY rating and our $11 price target." (8/13/2018)
Are investors shorting FS Investment?
FS Investment saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 603,952 shares, a decline of 57.9% from the August 15th total of 1,435,895 shares. Based on an average trading volume of 970,689 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company's shares are short sold. View FS Investment's Current Options Chain.
Who are some of FS Investment's key competitors?
Some companies that are related to FS Investment include Kimco Realty (KIM), WP Carey (WPC), Apartment Investment and Management (AIV), Apollo Global Management LLC Class A (APO), Old Republic International (ORI), MarketAxess (MKTX), Cullen/Frost Bankers (CFR), CyrusOne (CONE), Park Hotels & Resorts (PK), BOK Financial (BOKF), Forest City Realty Trust (FCE.A), Jones Lang LaSalle (JLL), American Homes 4 Rent (AMH), Omega Healthcare Investors (OHI) and Signature Bank (SBNY).
Who are FS Investment's key executives?
FS Investment's management team includes the folowing people:
- Mr. Michael Craig Forman, Chairman and Chief Exec. Officer (Age 57)
- Mr. Todd Christopher Builione J.D., Pres & Director (Age 43)
- Mr. William Balke Goebel CFA, CPA, Chief Financial Officer and Treasurer (Age 43)
- Mr. Daniel Ryan Pietrzak, Chief Investment Officer
- Mr. Marc Yaklofsky, Sr. VP, Head of Communications & Investor Relations
Has FS Investment been receiving favorable news coverage?
News articles about FSIC stock have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FS Investment earned a daily sentiment score of 0.18 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for FS Investment.
Who are FS Investment's major shareholders?
FS Investment's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Commonwealth Equity Services LLC (4.46%), Bank of Montreal Can (1.32%), Van ECK Associates Corp (0.70%), BlackRock Inc. (0.45%), Legal & General Group Plc (0.39%) and Millennium Management LLC (0.35%). Company insiders that own FS Investment stock include Barry Frank, Brian Gerson, David J Adelman, Gregory P Chandler, James Francis Volk, Michael C Forman, Michael Heller, Michael J Hagan, Michael John Kelly, Pedro A Ramos, Thomas Gravina and Zachary Klehr. View Institutional Ownership Trends for FS Investment.
Which institutional investors are selling FS Investment stock?
FSIC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Private Advisor Group LLC, Strategic Wealth Advisors Group LLC, BlackRock Inc., Sumitomo Mitsui Asset Management Company LTD, Confluence Investment Management LLC, Advisors Asset Management Inc. and BlueMountain Capital Management LLC. View Insider Buying and Selling for FS Investment.
Which institutional investors are buying FS Investment stock?
FSIC stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Centaurus Financial Inc., DnB Asset Management AS, Stony Point Wealth Management Inc., Mckinley Capital Management LLC Delaware, Van ECK Associates Corp, Dynamic Technology Lab Private Ltd and Cornerstone Wealth Management LLC. Company insiders that have bought FS Investment stock in the last two years include Barry Frank, Brian Gerson, David J Adelman, Gregory P Chandler, James Francis Volk, Michael C Forman, Michael Heller, Michael J Hagan, Michael John Kelly, Pedro A Ramos, Thomas Gravina and Zachary Klehr. View Insider Buying and Selling for FS Investment.
How do I buy shares of FS Investment?
Shares of FSIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is FS Investment's stock price today?
One share of FSIC stock can currently be purchased for approximately $7.30.
How big of a company is FS Investment?
FS Investment has a market capitalization of $1.77 billion and generates $419.31 million in revenue each year. The financial services provider earns $181.98 million in net income (profit) each year or $0.83 on an earnings per share basis.
How can I contact FS Investment?
FS Investment's mailing address is 201 ROUSE BOULEVARD, PHILADELPHIA PA, 19112. The financial services provider can be reached via phone at 215-495-1150.
MarketBeat Community Rating for FS Investment (NYSE FSIC)
MarketBeat's community ratings are surveys of what our community members think about FS Investment and other stocks. Vote "Outperform" if you believe FSIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FSIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
