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 Ratio2.69
Quick Ratio2.69
Price-To-Earnings
Trailing P/E Ratio9.52
Forward P/E Ratio10.68
P/E Growth3.56
Sales & Book Value
Annual Sales$419.31 million
Price / Sales4.57
Cash Flow$0.8504 per share
Price / Cash9.29
Book Value$9.30 per share
Price / Book0.85
Profitability
EPS (Most Recent Fiscal Year)$0.83
Net Income$181.98 million
Net Margins31.75%
Return on Equity8.84%
Return on Assets4.92%
Miscellaneous
EmployeesN/A
Outstanding Shares242,420,000
Market Cap$1,915.09
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 announced a quarterly dividend on Thursday, May 10th. Investors of record on Wednesday, June 20th will be given a dividend of $0.19 per share on Tuesday, July 3rd. This represents a $0.76 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend is Tuesday, June 19th. View FS Investment's Dividend History.
How will FS Investment's stock buyback program work?
FS Investment announced that its board has authorized a stock buyback program on Friday, March 2nd 2018, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
How were FS Investment's earnings last quarter?
FS Investment Co. (NYSE:FSIC) released its quarterly earnings data on Thursday, May, 10th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The financial services provider had revenue of $101.02 million for the quarter, compared to the consensus estimate of $97.22 million. FS Investment had a return on equity of 8.84% and a net margin of 31.75%. View FS Investment's Earnings History.
When is FS Investment's next earnings date?
What price target have analysts set for FSIC?
2 Wall Street analysts have issued 1 year target prices for FS Investment's stock. Their predictions range from $9.00 to $10.00. On average, they expect FS Investment's share price to reach $9.50 in the next year. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Ratings for FS Investment.
What is the consensus analysts' recommendation for FS Investment?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FS Investment in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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. " (7/17/2018)
- 2. National Securities analysts commented, "• FSIC earned adjusted NII/share of $0.21 for 1Q18, matching our estimate and exceeding the dividend by $0.02/share.
• Despite the rumor mill of FSIC having massive runoff that they could not replace, the naysayers seem to have egg on their face. The company received only $216.0 million of repayments and sales, down from $234.6 million Q/Q. We wonder how many quarters of this rumor not materializing it will take before this rumor finally dies as we believe it has no basis in reality.
• NAV/share was down on the quarter to $9.16 from $9.30 Q/Q as unrealized losses more than offset the out-earned dividend. Much of the unrealized depreciation came from equity investments, although we do not think this has much more downside risk.
• The proxy statement has passed and FSIC is now under the KKR Credit umbrella which permits FSIC to co-invest across other FS affiliated funds as well as KKR affiliated funds and KKR’s own publicly traded BDC Corporate Capital Trust (NYSE: CCT – NR - $16.63). This scaled business bodes well for FSIC winning more and more deals from larger borrowers while also mitigating concentration risk. FSIC now has access to the largest co-invest AUM of any BDC and should dwarf the previously largest platforms in the sector.
• While FSIC’s commentary on increased leverage was not extremely detailed, the company’s Board did pass the increased leverage allowed at the end of March. The company is cognizant of rating agencies’ actions, but we expect that they will ultimately utilize this increased leverage to bolster NII/share. Being part of the largest BDC platform should offset any potential rating downgrade in terms of the cost of capital, as we see it. We expect the company to reduce its base fee by 50 bps to 100 bps in 1Q19. We expect a dividend increase in 2Q19 as balance sheet leverage ramps the base fee is reduced.
• We are revising our 2018 adjusted NII/share estimate to $0.84 from $0.88 and our 2019 adjusted NII/share estimate to $0.95 from $0.89." (5/15/2018)
Who are some of FS Investment's key competitors?
Some companies that are related to FS Investment include Kilroy Realty (KRC), Cullen/Frost Bankers (CFR), Commerce Bancshares (CBSH), Scor (SCRYY), Credit Acceptance (CACC), Ares Capital (ARCC), Vereit (VER), Apollo Global Management LLC Class A (APO), Kimco Realty (KIM), WP Carey (WPC), Lamar Advertising (LAMR), Santander Consumer USA (SC), National Retail Properties (NNN), City Developments (CDEVY) and American Homes 4 Rent (AMH).
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?
Media stories about FSIC stock have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FS Investment earned a coverage optimism score of 0.22 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 46.22 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are FS Investment's major shareholders?
FS Investment's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (1.32%), Mckinley Capital Management LLC Delaware (0.34%), Confluence Investment Management LLC (0.24%), DnB Asset Management AS (0.11%), Gilbert & Cook Inc. (0.08%) and Cornerstone Wealth Management LLC (0.06%). Company insiders that own FS Investment stock include Barry Frank, Brian Gerson, David J Adelman, Gregory P Chandler, 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?
Which institutional investors are buying FS Investment stock?
FSIC stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, DnB Asset Management AS, Mckinley Capital Management LLC Delaware, Cornerstone Wealth Management LLC, Portfolio Solutions LLC, V Wealth Management LLC, Nisa Investment Advisors LLC and GWM Advisors 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, 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 $7.90.
How big of a company is FS Investment?
FS Investment has a market capitalization of $1.92 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.
