FS Investment Corporation (FSIC) : Cetera Advisor Networks reduced its stake in FS Investment Corporation by 9.11% during the most recent quarter end. The investment management company now holds a total of 1,111,900 shares of FS Investment Corporation which is valued at $10,540,812 after selling 111,448 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.FS Investment Corporation makes up approximately 0.59% of Cetera Advisor Networks’s portfolio.
Other Hedge Funds, Including , Cetera Investment Advisers added FSIC to its portfolio by purchasing 13,997 company shares during the most recent quarter which is valued at $132,692. FS Investment Corporation makes up approx 0.05% of Cetera Investment Advisers’s portfolio. Thompson Davis added FSIC to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $47,200. FS Investment Corporation makes up approx 0.07% of Thompson Davis’s portfolio.Rfg Advisory Group reduced its stake in FSIC by selling 3,833 shares or 5.13% in the most recent quarter. The Hedge Fund company now holds 70,870 shares of FSIC which is valued at $671,139. FS Investment Corporation makes up approx 0.57% of Rfg Advisory Group’s portfolio.Sigma Planning Corp boosted its stake in FSIC in the latest quarter, The investment management firm added 9,875 additional shares and now holds a total of 168,435 shares of FS Investment Corporation which is valued at $1,564,761. FS Investment Corporation makes up approx 0.20% of Sigma Planning Corp’s portfolio.
FS Investment Corporation opened for trading at $9.66 and hit $9.72 on the upside on Friday, eventually ending the session at $9.69, with a gain of 0.52% or 0.05 points. The heightened volatility saw the trading volume jump to 5,87,358 shares. Company has a market cap of $2,359 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.