Cetera Advisors Lowers stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Cetera Advisors reduced its stake in FS Investment Corporation by 6.21% during the most recent quarter end. The investment management company now holds a total of 1,496,873 shares of FS Investment Corporation which is valued at $14,190,356 after selling 99,127 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 1.07% of Cetera Advisors’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in FSIC in the latest quarter, The investment management firm added 165,659 additional shares and now holds a total of 1,302,652 shares of FS Investment Corporation which is valued at $12,349,141. FS Investment Corporation makes up approx 0.01% of Blackrock Group Ltd’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.Ausdal Financial Partners boosted its stake in FSIC in the latest quarter, The investment management firm added 35,405 additional shares and now holds a total of 154,837 shares of FS Investment Corporation which is valued at $1,470,952. FS Investment Corporation makes up approx 0.73% of Ausdal Financial Partners’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.Delphi Financial Group boosted its stake in FSIC in the latest quarter, The investment management firm added 190,000 additional shares and now holds a total of 594,200 shares of FS Investment Corporation which is valued at $5,520,118. FS Investment Corporation makes up approx 1.37% of Delphi Financial Group’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.

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