FS Investment Corporation Company Profile (NYSE:FSIC)

FS Investment Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FSIC."

FS Investment Corporation declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.2228 per share on Tuesday, October 3rd. This represents a $0.89 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date is Tuesday, September 19th. View FS Investment Corporation's Dividend History.

FS Investment Corporation (NYSE:FSIC) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. The firm had revenue of $98.70 million for the quarter, compared to analyst estimates of $103.14 million. FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. View FS Investment Corporation's Earnings History.

FS Investment Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for FS Investment Corporation.

5 analysts have issued twelve-month price objectives for FS Investment Corporation's stock. Their forecasts range from $9.00 to $10.00. On average, they expect FS Investment Corporation's stock price to reach $9.75 in the next twelve months. View Analyst Ratings for FS Investment Corporation.

Here are some recent quotes from research analysts about FS Investment Corporation stock:

• 1. National Securities analysts commented, "• For 2Q17, FSIC had adjusted NII/share of $0.19 versus our estimate of $0.20 with the quarterly dividend at a rate of $0.22275/share currently. The dividend was reduced to $0.19/share for 4Q17. We had previously modeled a cut to $0.19/share in 2Q18. Beginning in 4Q17 and lasting four quarters, FSIC’s external manager will waive 25 bps of the base fee.
  • While the fee waiver is good and we are happy to see the company come to terms with reality and cut the dividend, there are a few things that disappoint us with FSIC. The dividend should have been cut a while back, given the company’s increased first lien focus, general spread compression, and the fact that the dividend was only being earned with outsized prepayment fee income. The dividend should be set at a level where it can be earned with minimal to no nonrecurring fee income. With over $16 billion in AUM across the platform, we are baffled as to why FSIC won’t just follow the rest of the industry and cut the base fee to 150 bps of gross assets permanently. The company could easily cut the base fee to even 125 bps permanently and not at all impair the platform’s ability to operate as it currently does while boosting the earnings power of FSIC significantly. Lastly, with FSIC already operates in the upper middle market (UMM) can easily establish a JV to use increased leverage on lower yielding assets in the JV structure, boosting earnings significantly.
  • We are revising our 2017 adjusted NII/share estimate to $0.82 from $0.84 and our 2018 NII/share estimate to $0.85 from $0.86." (8/14/2017)
• 2. 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. " (8/3/2017)

Some companies that are related to FS Investment Corporation include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).

FS Investment Corporation's management team includes the folowing people:

• Michael C. Forman, Independent Chairman of the Board, Chief Executive Officer
• Gerald F. Stahlecker, President
• William Goebel, Chief Financial Officer
• Zachary K. Klehr, Executive Vice President
• James Francis Volk, Chief Compliance Officer
• Stephen S. Sypherd, Vice President, Treasurer, Secretary
• Sean K. Coleman, Managing Director
• Brad Marshall, Senior Portfolio Manager
• Michael J. Hagan, Lead Director, Independent Director
• David J. Adelman, Director

FS Investment Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Muzinich & Co. Inc. (3.94%), Bank of Montreal Can (0.00%), Ameriprise Financial Inc. (0.98%), Private Advisor Group LLC (0.85%), State of New Jersey Common Pension Fund D (0.00%) and Ares Management LLC (0.75%). Company insiders that own FS Investment Corporation stock include Barry Frank, David J Adelman, Gerald Stahlecker, Gregory P Chandler, James Francis Volk, Michael C Forman, Michael Heller, Pedro A Ramos, Sean K Coleman, Thomas Gravina, William Balke Goebel and Zachary Klehr. View Institutional Ownership Trends for FS Investment Corporation.

FS Investment Corporation's stock was sold by a variety of institutional investors in the last quarter, including M&T Bank Corp, NGAM Advisors L.P., Northern Trust Corp, Investment Centers of America Inc., Financial Counselors Inc., Wells Fargo & Company MN, Bank of Montreal Can and Confluence Investment Management LLC. View Insider Buying and Selling for FS Investment Corporation.

FS Investment Corporation's stock was acquired by a variety of institutional investors in the last quarter, including WealthPLAN Partners LLC, Ameriprise Financial Inc., Commerce Bank, Van ECK Associates Corp, Koch Industries Inc., Muzinich & Co. Inc., National Asset Management Inc. and Advisor Group Inc.. Company insiders that have bought FS Investment Corporation stock in the last two years include Barry Frank, David J Adelman, Gerald Stahlecker, Gregory P Chandler, James Francis Volk, Michael C Forman, Michael Heller, Pedro A Ramos, Sean K Coleman, Thomas Gravina, William Balke Goebel and Zachary Klehr. View Insider Buying and Selling for FS Investment Corporation.

Shares of FS Investment Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FS Investment Corporation stock can currently be purchased for approximately $8.30.