Analyzing Analyst Recommendations: FS Investment Corporation (FSIC), SUPERVALU Inc. (SVU)
- Grant Boone
These holdings make up 28.83% of the company's outstanding shares.
COPYRIGHT VIOLATION WARNING: "FS Investment Corporation to Issue Quarterly Dividend of $0.22 (FSIC)" was first posted by Rincon Hill News and is the sole property of of Rincon Hill News. Muzinich & Co. Inc. now owns 9,476,520 shares of the financial services provider's stock valued at $92,870,000 after buying an additional 2,296,435 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of FS Investment Corporation by 9.5% in the first quarter. Hedge funds and other institutional investors own 31.84% of the company's stock. BLB&B Advisors bought a new stake in FS Investment Corporation during the Q1 valued roughly $113,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of FS Investment Corporation by 103.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider's stock valued at $573,000 after buying an additional 579 shares during the period. FS Investment had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has a 50-day moving average price of $9.04 and a 200 day moving average price of $9.60.
FS Investment Corporation (NYSE:FSIC) previously announced its periodic earnings reports on early Wed, Aug 9th. The analysts estimated EPS for the higher end at 0.22 and lower end at 0.18 while the year ago reported earnings per share was 0.22.
FS Investment Corporation has a dividend payout ratio of 109.9% meaning the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. The business had revenue of $106.06 million for the quarter, compared to the consensus estimate of $101.94 million. On average, equities research analysts predict that FS Investment Corporation will post $0.84 EPS for the current year.
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They expect $0.2 EPS, down 20% or $0.04 from last year's $0.24 per share. The ex-dividend date is Tuesday, September 19th. M Holdings Securities Inc. increased its stake in FS Investment Corporation by 2.6% in the first quarter.
On the other hand the company has Relative Strength Index (RSI 14) of 22.68 along with Average True Range (ATR 14) of 0.17, Consequently FS Investment Corp (NYSE:FSIC)'s weekly and monthly volatility is 2.92%, 1.69% respectively. If you are reading this piece of content on another website, it was copied illegally and republished in violation of global copyright and trademark legislation. The original version of this story can be accessed at https://www.com-unik.info/2017/08/09/fs-investment-corporation-nysefsic-upgraded-to-hold-by-zacks-investment-research-updated-updated.html.
Several analysts have issued reports on FSIC shares.
In terms of Buy, Sell or Hold recommendations, FS Investment Corp (NYSE:FSIC) has analysts' mean recommendation of 2.7. JP Morgan maintained FS Investment Corporation (NYSE:FSIC) rating on Thursday, August 11. TheStreet raised FS Investment Corporation from a c rating to a b rating in a report on Monday, April 17th.
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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. National Securities reiterated a "neutral" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Monday, May 15th.
Many analysts have provided their estimated foresights on FS Investment Corporation Earnings, with 6 analysts believing the company would generate an Average Estimate of $0.2. FS Investment Corporation presently has a consensus rating of Hold and an average target price of $9.83.
In other FS Investment Corporation news, CEO Michael C. Forman purchased 22,320 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average cost of $8.88 per share, for a total transaction of $198,201.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. Following the completion of the purchase, the director now owns 34,063 shares in the company, valued at $302,479.44. The Nomura Holdings Inc holds 1.17M shares with $12.01M value, down from 1.21M last quarter.
FS Investment Corp (NYSE:FSIC)'s revenue estimates for the current quarter are $99.85 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $102.62 Million in contradiction of low revenue estimates of $97.95 Million.
Masonite International Corporation (DOOR) Shares Bought by US Bancorp DE
Gilder Gagnon Howe Limited Liability Corp has 252,437 shares for 0.33% of their portfolio. 103 are owned by Quantbot Techs L P. The stock of Masonite International Corp (NYSE:DOOR) has "Hold" rating given on Friday, August 21 by Stifel Nicolaus.
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