FS Investment Corporation (FSIC) : Ares Management added new position in FS Investment Corporation during the most recent quarter end. The investment management firm now holds 596,209 shares of FS Investment Corporation which is valued at $5,872,659 , the company said in a statement filed on Nov 14, 2016 with the SEC.FS Investment Corporation makes up approximately 0.65% of Ares Management’s portfolio.
Other Hedge Funds, Including , Pinkerton Retirement Specialists reduced its stake in FSIC by selling 343,176 shares or 78.33% in the most recent quarter. The Hedge Fund company now holds 94,924 shares of FSIC which is valued at $930,255. FS Investment Corporation makes up approx 0.39% of Pinkerton Retirement Specialists’s portfolio. Argentus Capital Management sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 11,449 shares of FSIC which is valued $106,476.Stratos Wealth Partners Ltd. boosted its stake in FSIC in the latest quarter, The investment management firm added 13,761 additional shares and now holds a total of 385,092 shares of FS Investment Corporation which is valued at $3,581,356. FS Investment Corporation makes up approx 0.25% of Stratos Wealth Partners Ltd.’s portfolio.Ausdal Financial Partners reduced its stake in FSIC by selling 356 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 154,481 shares of FSIC which is valued at $1,473,749. FS Investment Corporation makes up approx 0.75% of Ausdal Financial Partners’s portfolio.
FS Investment Corporation (FSIC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.95 and reached the intraday high at $10. The bulls started the profit booking and pushed the shares to intraday low of $9.8. The trading session was marked by a volume range of 11,11,587 shares exchanging hands. The 52-week high of the shares is $10.05 and the 52-week low is $7.11. The market cap of the company stands at $2,441 M and there are 24,40,63,320 shares in public circulation.
Investors should note that on Nov 9, 2016, FS Investment Corporation announced a cash dividend of $0.2228. The company’s management has announced Dec 19, 2016 as the ex-dividend date and fixed the record date on Dec 21, 2016. The payable date has been fixed on Jan 4, 2017.
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.