KBW Reaffirms Their Hold Rating on FS Investment Corporation (FSIC)

By Jason Carr

KBW analyst Ryan Lynch reiterated a Hold rating on FS Investment Corporation (NYSE: FSIC) yesterday and set a price target of $8. The company’s shares closed yesterday at $7.50.

According to TipRanks.com, Lynch is a 3-star analyst with an average return of 5.4% and a 66.7% success rate. Lynch covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, Pennantpark Investment Corp, and TriplePoint Venture Growth.

Currently, the analyst consensus on FS Investment Corporation is a Hold with an average price target of $8.

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The company has a one-year high of $8.75 and a one-year low of $6.95. Currently, FS Investment Corporation has an average volume of 1.1M.

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FS Investment Corp. is a externally managed, non-diversified, closed-end management investment and finance company that invests primarily in the debt securities of private middle market U.S. companies. Its objectives are to generate current income and, to a lesser extent, long-term capital appreciation.