Revenue Update on FS Investment Corporation(NYSE:FSIC)

FS Investment Corporation(NYSE:FSIC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $110.21M. Analysts estimated a revenue of $108.91M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.26.

FS Investment Corporation (FSIC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.31% or 0.03 points. Due to strong positive momentum, the stock ended at $9.58, which is also near the day’s high of $9.59. The stock began the session at $9.57 and the volume stood at 6,15,940 shares. The 52-week high of the shares is $10.35 and the 52 week low is $6.91. The company has a current market capitalization of $2,333 M and it has 24,34,88,590 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Gregory P Chandler (director) purchased 1,176 shares at $8.27 per share price.Also, On Jun 6, 2016, James Francis Volk (Chief Compliance Officer) purchased 560 shares at $8.99 per share price.On May 26, 2016, Thomas Gravina (director) purchased 10,000 shares at $8.89 per share price, according to the Form-4 filing with the securities and exchange commission.

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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