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 announced a quarterly dividend on Thursday, August 10th. Investors of record on Wednesday, September 20th will be given a dividend of $0.2228 per share on Tuesday, October 3rd. This represents a $0.89 annualized dividend and a dividend yield of 11.00%. The ex-dividend date of this dividend is Tuesday, September 19th. View FS Investment Corporation's Dividend History.

FS Investment Corporation (NYSE:FSIC) released its quarterly earnings results on Wednesday, August, 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.01. The business had revenue of $98.70 million for the quarter, compared to the consensus estimate of $103.14 million. FS Investment Corporation had a return on equity of 8.92% and a net margin of 59.88%. 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.

4 equities research analysts have issued 1 year price targets for FS Investment Corporation's shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate FS Investment Corporation's share price to reach $10.00 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 Prospect Capital (PSEC), 3i Infrastructure PLC (3IN), Apollo Investment Corporation (AINV), Liberty All-Star Equity Fund (USA), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), WhiteHorse Finance (WHF) and Oxford Lane Capital Corp (OXLC).

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 a variety of of institutional and retail investors. Top institutional investors 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, 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 purchased 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, 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 $8.10.