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NEW YORK (TheStreet) -- Shares of FS Investment (FSIC) closed down by 1.52% to $9.74 on Monday afternoon, following the release of the company's third quarter earnings results before the opening bell today.

The company reported a third quarter loss of $5.3 million, after reporting a profit in the year ago period, or a profit of 21 cents per share on an adjusted basis.

Analysts on average were expecting the company to earn 23 cents per share for the most recent quarter.

The Philadelphia-based development company reported revenue of $103.7 million, also missing analysts' $110 million expectations.

Separately, TheStreet Ratings team rates FS INVESTMENT CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

We rate FS INVESTMENT CORP (FSIC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income.

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.