FS Investment Corporation (FSIC) : $0.47 million worth of transactions were on upticks in FS Investment Corporation (FSIC), compared to $0.16 million on downticks. The ratio between the two was 2.9, whereas, the net money flow stood at a healthy $0.31 million on Fridays session. The consistent buying on upticks in the stock accounted for $0.15million worth of trades. The total money flow into the stock stood at $0.15 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.37%. The stock was trading at $9.84, with a drop of $0.04 over the previous days close. The stock recorded 1.27% for the week.
The company Insiders own 1.16% of FS Investment Corporation shares according to the proxy statements. Institutional Investors own 29.92% of FS Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 51.22%.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of FS Investment CORP, Chandler Gregory P had purchased shares worth of $9,726 in a transaction dated on June 24, 2016. A total of 1,176 shares were purchased at a price of $8.27 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
FS Investment Corporation (NYSE:FSIC): The stock opened at $9.9 and touched an intraday high of $9.96 on Friday. During the day, the stock corrected to an intraday low of $9.825, however, the bulls stepped in and pushed the price higher to close in the green at $9.94 with a gain of 0.61% for the day. The total traded volume for the day was 626,817. The stock had closed at $9.88 in the previous trading session.
FS Investment Corporation (FSIC) : Traders are bullish on FS Investment Corporation (FSIC) as it has outperformed the S&P 500 by a wide margin of 5.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.26% in the last 1 week, and is up 4.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
FS Investment Corporation is a non-diversified, closed-end management investment company. The Companys 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.