FS Investment Corporation (FSIC) : Portfolio Solutions scooped up 2,831 additional shares in FS Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 85,907 shares of FS Investment Corporation which is valued at $810,103.FS Investment Corporation makes up approximately 0.12% of Portfolio Solutions’s portfolio.
Other Hedge Funds, Including , Financial Architects Inc reduced its stake in FSIC by selling 8,098 shares or 8.87% in the most recent quarter. The Hedge Fund company now holds 83,152 shares of FSIC which is valued at $784,123. FS Investment Corporation makes up approx 0.22% of Financial Architects Inc’s portfolio. Paragon Capital Management Ltd added FSIC to its portfolio by purchasing 10,209 company shares during the most recent quarter which is valued at $94,842. FS Investment Corporation makes up approx 0.05% of Paragon Capital Management Ltd’s portfolio.V Wealth Managementllc boosted its stake in FSIC in the latest quarter, The investment management firm added 11,945 additional shares and now holds a total of 146,936 shares of FS Investment Corporation which is valued at $1,367,974. FS Investment Corporation makes up approx 1.08% of V Wealth Managementllc’s portfolio.Next Financial Group Inc boosted its stake in FSIC in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 27,481 shares of FS Investment Corporation which is valued at $251,176. FS Investment Corporation makes up approx 0.08% of Next Financial Group Inc’s portfolio.
FS Investment Corporation opened for trading at $9.41 and hit $9.5 on the upside on Friday, eventually ending the session at $9.5, with a gain of 1.06% or 0.1 points. The heightened volatility saw the trading volume jump to 9,66,965 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.