Ares Management adds FS Investment Corporation (FSIC) to its portfolio

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 $5,652,061 , the company said in a statement filed on Aug 15, 2016 with the SEC.FS Investment Corporation makes up approximately 0.40% of Ares Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in FSIC in the latest quarter, The investment management firm added 12,999 additional shares and now holds a total of 215,140 shares of FS Investment Corporation which is valued at $2,039,527. FS Investment Corporation makes up approx 0.01% of Susquehanna International Group Llp’s portfolio.Raymond James Financial Services Advisors boosted its stake in FSIC in the latest quarter, The investment management firm added 92,666 additional shares and now holds a total of 181,742 shares of FS Investment Corporation which is valued at $1,722,914. FS Investment Corporation makes up approx 0.02% of Raymond James Financial Services Advisors’s portfolio.Gsa Capital Partners Llp reduced its stake in FSIC by selling 35,300 shares or 33.91% in the most recent quarter. The Hedge Fund company now holds 68,800 shares of FSIC which is valued at $651,536. FS Investment Corporation makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.Cambridge Investment Research Advisors reduced its stake in FSIC by selling 248,717 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 2,204,320 shares of FSIC which is valued at $20,874,910. FS Investment Corporation makes up approx 0.43% of Cambridge Investment Research Advisors’s portfolio.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.

FS Investment Corporation opened for trading at $9.88 and hit $9.89 on the upside on Thursday, eventually ending the session at $9.88, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 4,72,060 shares. Company has a market cap of $2,406 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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