Vsr Financial Services Lowers stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Vsr Financial Services reduced its stake in FS Investment Corporation by 32.16% during the most recent quarter end. The investment management company now holds a total of 1,402,002 shares of FS Investment Corporation which is valued at $13,290,979 after selling 664,510 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.FS Investment Corporation makes up approximately 2.12% of Vsr Financial Services’s portfolio.

Other Hedge Funds, Including , Advisors Capital Management added FSIC to its portfolio by purchasing 17,568 company shares during the most recent quarter which is valued at $166,545. FS Investment Corporation makes up approx 0.02% of Advisors Capital Management’s portfolio.Pinebridge Investments boosted its stake in FSIC in the latest quarter, The investment management firm added 9,060 additional shares and now holds a total of 62,393 shares of FS Investment Corporation which is valued at $591,486. FS Investment Corporation makes up approx 0.03% of Pinebridge Investments’s portfolio. Investment Centers Of America Inc sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 444,924 shares of FSIC which is valued $4,200,083.Partnervest Advisory Services boosted its stake in FSIC in the latest quarter, The investment management firm added 579 additional shares and now holds a total of 12,097 shares of FS Investment Corporation which is valued at $114,559. FS Investment Corporation makes up approx 0.06% of Partnervest Advisory Services’s portfolio.V Wealth Managementllc boosted its stake in FSIC in the latest quarter, The investment management firm added 11,945 additional shares and now holds a total of 146,936 shares of FS Investment Corporation which is valued at $1,367,974. FS Investment Corporation makes up approx 1.08% of V Wealth Managementllc’s portfolio.

FS Investment Corporation opened for trading at $9.67 and hit $9.71 on the upside on Tuesday, eventually ending the session at $9.71, with a gain of 0.41% or 0.04 points. The heightened volatility saw the trading volume jump to 4,86,343 shares. Company has a market cap of $2,364 M.

Investors should note that on Aug 9, 2016, FS Investment Corporation announced a cash dividend of $0.2228. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 4, 2016.

FS Investment Corporation is a non-diversified closed-end management investment company. The Company’s investment objectives are to generate current income and a long-term capital appreciation. Its portfolio consists of investments in senior secured loans and second lien secured loans of private middle market United States companies and subordinated loans of private United States companies. The Company focuses on purchasing interests in loans or making other debt investments including investments in senior secured bonds through secondary market transactions in the over-the-counter market or directly from companies it is focused on as primary market or directly originated investments. It also focuses on purchasing interests in the form of common or preferred equity or the equity-related securities. Its investment activities are managed by FB Income Advisor LLC. FB Advisor has engaged GSO/Blackstone Debt Funds Management LLC (GDFM) to act as its investment sub-adviser.

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