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FS Investment Corporation (NYSE:FSIC) Upgraded by Zacks Investment Research to Hold

FS Investment Corporation (NYSE:FSIC) Upgraded by Zacks Investment Research to Hold

Creative Planning's holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period. The legal version of this report can be read at https://baseballnewssource.com/markets/zacks-investment-research-lowers-fs-investment-corporation-fsic-to-sell-updated-updated-updated/1217715.html. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. Muzinich & Co. Inc. raised its stake in FS Investment Corporation by 32.0% in the first quarter. FS Investment Corporation (FSIC) a part of Financial sector and belongs to Diversified Investments industry. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. FS Investment Corporation had a net margin of 59.88% and a return on equity of 8.92%. The business had revenue of $106.06 million during the quarter, compared to analysts' expectations of $101.94 million.

FSIC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of FS Investment Corporation from a "buy" rating to a "hold" rating in a report on Friday, May 12th.

FS Investment Corporation (FSIC) now has P/E (Price to Earnings) ratio of 5.73 while the company's industry has 7.56 P/E and the sector P/E is 22.54. Equities analysts predict that FS Investment Corporation will post $0.84 EPS for the current fiscal year.

Equity analyst Barclays downgraded the stock and lowered the price target on September 7 changing the price objective from $10.00 to $9.00 and setting the rating at "Equal-weight" which had previously been "Overweight". TheStreet upgraded shares of 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 assigned a buy rating to the company. FS Investment Corporation has a consensus rating of "Hold" and an average target price of $9.83.

Facebook figured out how to "sneak" in China
If Facebook did little to promote Colorful Balloons in China, it did work to tailor the app to a local audience. She appeared in a photo taken at a meeting held between officials at Facebook and the government of Shanghai.

Investment firms and many large funds have quite recently purchased and unloaded stocks of the shares.

FS Investment Corp (NYSE:FSIC) 52-week high price stands at $10.80 and low price stands at $8.43, its price distance from 52-week high is -22.22% while its distance from 52-week low price is -0.3%.

Shares last traded at $8.40 significantly below $9.06, the stock's 50 day moving average and which is quite a bit lower than the 200 day moving average of $9.61.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. The ex-dividend date was set for Monday the 19th of June 2017. However the company reported $0.58 earnings per share for the same quarter during a year ago. This dividend amount represented a yeild of $9.58.

Trump to Announce China Trade Practices Investigation
The American companies "should not be forced or coerced to turn over the fruits of their labor", one official said. Though widely used worldwide, the WTO process is viewed unfavorably by the Trump administration.

In related news, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. Following the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. Some of these factors are enumerated in the filings the Company makes with the Securities and Exchange Commission.

In other FS Investment Corporation news, CEO Michael C. Forman acquired 17,100 shares of the company's stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $8.88 per share, for a total transaction of $198,201.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,880 shares of company stock worth $345,560 over the last 90 days. UBS Group AG increased its stake in shares of FS Investment Corporation by 96.5% in the first quarter. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock. Ameriprise Financial Inc grew its holdings by buying 401,657 shares an increase of 20.1% in the quarter. The stock traded as low as $8.58 and last traded at $8.62, with a volume of 2,024,919 shares trading hands. Advisory Services Network bought a new stake in FS Investment Corporation during the Q1 valued roughly $110,000. WealthPLAN Partners LLC increased its stake in shares of FS Investment Corporation by 1,812.2% in the second quarter. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 42,100 shares in the quarter, for a total of 42,400 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

TRADEMARK VIOLATION WARNING: This report was first reported by BBNS and is owned by of BBNS.

FS Investment Corporation, launched on December 21, 2007, is an externally managed, non-diversified, closed-end management investment company.

FTSE 100 down as shares hit by US-North Korea tensions
Investors piled into safe-haven assets such as United States government bonds, gold and the Japanese yen and sold off shares. Not long after midday, the FTSE was down 1.17% to 7,410.07, with the more domestically focused FTSE 250 down 0.4%.


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