Creative Planning's holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period.
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. HighTower Advisors LLC raised its position in shares of FS Investment Corporation by 1.0% in the first quarter.
FS Investment Corporation (NYSE:FSIC) posted its quarterly earnings data on Wednesday.
Consequently FS Investment Corp (NYSE:FSIC)'s weekly and monthly volatility is 2.19%, 1.52% respectively. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. FS Investment Corporation had a return on equity of 8.90% and a net margin of 59.88%.
A number of other equities analysts also recently weighed in on FSIC.
Wall Street analysts are predicting that FS Investment Corp (NYSE:FSIC) will report earnings per share of $0.2 in their quarterly report.
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On Tuesday, August 8, despite that new record high, the market pulled back and closed lower due to decreased risk appetite. Spot gold inched down 0.1 percent to $1,284.64 per ounce as of 0616 GMT, but was set for a weekly gain of over 2 percent.
FT reports, The 6 analysts offering 12 month price targets for FS Investment Corporation have a median target of 10.00, with a high estimate of 11.00 and a low estimate of 8.50. Sterne Agee CRT initiated FS Investment Corporation (NYSE:FSIC) on Friday, December 18 with "Neutral" rating. FS Investment Corporation now has an average rating of "Hold" and an average price target of $9.79. Finally, National Securities restated a "neutral" rating and set a $10.00 price objective on shares of FS Investment Corporation in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. FS Investment Corporation now has a consensus rating of "Hold" and a consensus price target of $9.79. Sumitomo Mitsui Trust Holdings Inc. increased its position in FS Investment Corporation by 2.2% in the second quarter.
Investment firms and many large funds have quite recently purchased and unloaded stocks of the shares. The company rocked its 52-Week High of $10.8 and touched its 52-Week Low of $8.43.
The stock last traded at $8.40 a great deal lower than the 50 day moving average which is $9.06 and which is significantly lower than the 200 day moving average of $9.61. Stockholders of record on Wednesday, September 20th will be paid a $0.2228 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. The dividend was $0.223 per share for the quarter which is $0.89 annualized. The dividend yield was $9.58.
In related news, Director David J. Adelman bought 11,160 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average cost of $8.88 per share, with a total value of $99,100.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 stock was purchased at an average price of $8.88 per share, with a total value of $198,201.60. Insiders bought 55,980 shares of company stock valued at $489,371 in the last quarter.
FS Investment Corp (NYSE:FSIC)'s trailing twelve month revenues are $425.8 Million, whereas its price to sales ratio for the same period is 4.84. The average volume of recent three month is at 1.03 million shares while its relative volume is noted at 3.27. It also reduced its holding in Kcap Financial Inc (NASDAQ:KCAP) by 177,045 shares in the quarter, leaving it with 148,835 shares, and cut its stake in Cm Finance Inc. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider's stock valued at $297,000 after buying an additional 425 shares during the last quarter. HighTower Advisors LLC increased its position in FS Investment Corporation by 1.0% in the first quarter. Exencial Wealth Advisors LLC increased its position in FS Investment Corporation by 4.4% in the first quarter. Finally, JPMorgan Chase & Co. purchased a new position in FS Investment Corporation during the first quarter worth approximately $122,000. Hedge funds and other institutional investors own 31.84% of the company's stock. First Pacific Advsrs Ltd Company reported 11.20M shares. If you are viewing this report on another site, it was stolen and reposted in violation of U.S. and worldwide trademark and copyright legislation. It primarily originates and invests in senior secured loans and other securities of private US companies, with the investment objective of generating current income and, to a lesser extent, long-term capital appreciation.