Kalos Management Lowers stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Kalos Management reduced its stake in FS Investment Corporation by 7.54% during the most recent quarter end. The investment management company now holds a total of 40,552 shares of FS Investment Corporation which is valued at $384,027 after selling 3,308 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.FS Investment Corporation makes up approximately 0.29% of Kalos Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in FSIC in the latest quarter, The investment management firm added 313,103 additional shares and now holds a total of 655,690 shares of FS Investment Corporation which is valued at $6,209,384. FS Investment Corporation makes up approx 0.08% of Ngam Advisors’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. Concert Wealth Management sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 515,078 shares of FSIC which is valued $4,893,241.Msi Financial Services Inc boosted its stake in FSIC in the latest quarter, The investment management firm added 188,403 additional shares and now holds a total of 812,452 shares of FS Investment Corporation which is valued at $7,661,422. FS Investment Corporation makes up approx 0.27% of Msi Financial Services Inc’s portfolio.

FS Investment Corporation opened for trading at $9.48 and hit $9.5 on the upside on Thursday, eventually ending the session at $9.5, with a gain of 0.32% or 0.03 points. The heightened volatility saw the trading volume jump to 4,59,996 shares. Company has a market cap of $2,313 M.

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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