Former French president Nicolas Sarkozy arrested over financial misappropriation
County Council joins young people in calling for end to gun violence
Xi Jinping warns Taiwan against push for independence
Australian bushfire engulfs homes and livestock in two states
Maryland School Shooting Leaves Three Injured
FS Investment Corporation (NYSE:FSIC) Experiences Heavy Trading Volume
12 August 2017, 11:30 | Darnell Patrick
TheStreet upgraded shares of FS Investment Corporation from a "c" rating to a "b" rating in a research report on Monday, April 17th. FS Investment Corporation (NYSE:FSIC) has risen 1.01% since August 10, 2016 and is uptrending. The stock of FS Investment Corporation (NYSE:FSIC) earned "Neutral" rating by Sterne Agee CRT on Friday, December 18.
7/18/2017 - FS Investment Corporation was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. FS Investment Corporation presently has an average rating of Hold and an average price target of $9.79. With 732,700 shares average volume, it will take short sellers 8 days to cover their FSIC's short positions. Accern also assigned media headlines about the financial services provider an impact score of 12 out of 100, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the near term. The stock touched 52-week High of $10.80 on 03/01/17 and 52-week Low of $8.43 on 08/10/17.
Shares are trading at $8.70 which is just under the 50 day moving average of $9.07 and which is a tad under the 200 day moving average of $9.65.
COPYRIGHT VIOLATION NOTICE: "FS Investment Corporation (NYSE:FSIC) Shares Sold by Bank of Montreal Can" was first reported by BNB Daily and is the sole property of of BNB Daily. Strengthening these views, the company is estimating to achieve earnings per share (EPS) growth of 662.00% in this year. The company had revenue of $98.70 million during the quarter, compared to the consensus estimate of $103.14 million. On average, equities analysts forecast that FS Investment Corporation will post $0.84 EPS for the current fiscal year.
FS Investment Corporation (NYSE:FSIC) previously announced its periodic earnings reports on early Wed, Aug 9th. If you are viewing this story on another domain, it was stolen and republished in violation of United States and worldwide copyright law.
Anna Paquin responds to BBC's viral clip
The True Blood actress became a hot topic on social media after a news video accidentally displayed her breasts to audiences. Actress Anna Paquin expressed delight after her breasts made a surprise appearance on the BBC's ten o'clock news.
Alexis Sanchez to miss start of season through injury
I think if you read the French papers, they are on [Kylian] Mbappe's case to finish their transfer market'. "He is focused. It can happen in pre-season and anyway, I don't think I would have included him on Friday night.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Wednesday, September 20th will be issued a dividend of $0.2228 per share. The ex-dividend date was set for Monday the 19th of June 2017. This represents a $0.89 dividend on an annualized basis and a dividend yield of 10.61%. Also, 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.
In other news, CEO Michael C. Forman purchased 17,100 shares of the company's stock in a transaction on Thursday, August 10th.
David J. Adelman, Director purchased $10,728 worth of shares at an average price of $8.94 on Friday the 19th. The disclosure for this purchase can be found here. Insiders bought a total of 38,880 shares of company stock valued at $345,560 over the last three months. Institutional investors and hedge funds own 31.84% of the company's stock. Goldman Sachs Group Inc. increased its stake in FS Investment Corporation by 53.2% in the first quarter. 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.
Commonwealth Equity Services Inc increased its stake in Fs Invt Corp (FSIC) by 5.13% based on its latest 2016Q4 regulatory filing with the SEC. The stock exchanged hands 3.33 Million shares versus average trading capacity of 1.07 Million shares. Exencial Wealth Advisors LLC increased its position in FS Investment Corporation by 4.4% in the first quarter. M Holdings Securities Inc. now owns 36,820 shares of the financial services provider's stock valued at $361,000 after buying an additional 917 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of FS Investment Corporation by 16.8% in the first quarter. Over the same time span, the stock marked US$10.8 as its best level and the lowest price reached was US$8.43. Creative Planning's holdings in FS Investment Corporation were worth $707,000 at the end of the most recent reporting period. HighTower Advisors LLC now owns 58,338 shares of the financial services provider's stock worth $573,000 after buying an additional 579 shares in the last quarter. The company's institutional ownership is monitored at 32.4 percent.
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.
Stocks plunge over North Korea tensions
Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control. Gold futures for December delivery climbed 1.3 per cent to settle at $1,279.30 (U.S.) an ounce on the Comex in NY .
North Korea threatens strike on Guam
From there, they flew over the Korean Peninsula and joined by South Korean Air Force KF-16 fighter jets before returning to Guam. During the Cuban missile crisis, former president Kennedy made sure the US didn't box in Khrushchev in order to maintain peace.
Brighton bank on surprise factor to upset City
Everton - Ronald Koeman has done a fantastic job and the signing of Wayne Rooney is magical for the player and the club. I am lucky because I used to play under Pep at Barcelona and I know what he wants.
Political tensions continue to weigh on world stocks
Avis Budget Group slumped 9.9 percent after the vehicle rental company cut its guidance following a weak second quarter. Investors instead turned to safe-haven assets such as gold , pushing it to a two-month high, and the Japanese yen rose.