FS Investment Corporation (NYSE:FSIC) Shares Sold by Bank of Montreal Can

Frederick Owens
August 12, 2017

FS Investment Corporation reported sales of $110.21 million during the same quarter last year, which indicates a negative year over year growth rate of 6.4%.

The Company will make available under the "Presentations and Reports" page within the "Investor Relations" section of the Company's website (www.fsinvestmentcorp.com) a presentation providing an overview of the Company's operating results for the quarter ended June 30, 2017 in advance of its previously announced August 10, 2017 conference call. The Company also announced that, subject to market conditions, the Company's board of directors now intends to reduce the regular cash distribution for the fourth quarter and subsequent quarters to $0.19 per share and to make a special distribution in the fourth quarter of 2018 that equates to the cumulative amount, if any, of net investment income earned during the twelve months following October 1, 2017 that is in excess of $0.76 per share.

On the other hand FS Investment Corp (NYSE:FSIC) has Relative Strength Index (RSI 14) of 30.2 along with Average True Range (ATR 14) of 0.16. However a year ago for the same quarter the company has reported $0.47 EPS. Return on Equity (ROE) stands at 16.2% and Return on Investment (ROI) of 5.2 percent. Last quarter, the company saw 5.04 million in total revenues.

Several equities research analysts recently commented on FSIC shares. Zacks Investment Research downgraded FS Investment Corporation from a "buy" rating to a "hold" rating in a report on Friday, May 12th. About shares traded. FS Investment Corporation (NYSE:FSIC) has risen 1.01% since August 11, 2016 and is uptrending. For the current quarter FS Investment Corp (NYSE:FSIC) has high EPS estimates of $0.22 in contradiction of low EPS estimates of $0.18. FS Investment Corporation has a 52 week low of $8.30 and a 52 week high of $10.80. Finally, TheStreet upgraded 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 given a hold rating and one has issued a buy rating to the company's stock. FS Investment Corporation has a consensus rating of "Hold" and an average target price of $9.83. Sumitomo Mitsui Trust Holdings Inc. increased its position in FS Investment Corporation by 2.2% in the second quarter.

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%. The company's 50 day moving average price is $9.03 and its 200-day moving average price is $9.59. Investors of record on Wednesday, September 20th will be paid a dividend of 0.2228 per share by the financial services provider on Tuesday, October 3rd. The ex-dividend date of this dividend is Tuesday, September 19th. The stock declined 0.34% or $0.23 reaching $68.2 per share. The dividend yield was $9.58. Also, Director David J. Adelman purchased 11,160 shares of the company's stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of $8.88 per share, for a total transaction of $99,100.80. Following the purchase, the director now owns 34,063 shares of the company's stock, valued at approximately $302,479.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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In other FS Investment Corporation news, CEO Michael C. Forman acquired 22,320 shares of the firm's stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average price of $8.88 per share, for a total transaction of $198,201.60. In the last quarter, insiders bought 55,980 shares of company stock valued at $489,371.

Want to see what other hedge funds are holding FSIC? Hudock Capital Group, LLC added to its ownership by buying 560 shares an increase of 27.3% as of 06/30/2017.

Neuberger Berman Group LLC grew its stake by buying 11,000 shares an increase of 2.9%. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock worth $92,870,000 after buying an additional 2,296,435 shares during the period. Bank of Montreal Can's holdings in FS Investment Corporation were worth $28,118,000 at the end of the most recent quarter. Finally, M Holdings Securities Inc. increased its position in FS Investment Corporation by 2.6% in the first quarter.

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