Cetera Advisors Lowers stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Cetera Advisors reduced its stake in FS Investment Corporation by 9.31% during the most recent quarter end. The investment management company now holds a total of 1,596,000 shares of FS Investment Corporation which is valued at $14.4 Million after selling 163,920 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.FS Investment Corporation makes up approximately 1.21% of Cetera Advisors’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp boosted its stake in FSIC in the latest quarter, The investment management firm added 31,253 additional shares and now holds a total of 45,355 shares of FS Investment Corporation which is valued at $410,463. FS Investment Corporation makes up approx 0.11% of Cantab Capital Partners Llp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in FSIC in the latest quarter, The investment management firm added 272 additional shares and now holds a total of 17,709 shares of FS Investment Corporation which is valued at $160,266.Rehmann Capital Advisory Group boosted its stake in FSIC in the latest quarter, The investment management firm added 2,768 additional shares and now holds a total of 279,740 shares of FS Investment Corporation which is valued at $2.5 Million. FS Investment Corporation makes up approx 0.50% of Rehmann Capital Advisory Group’s portfolio.Cibc World Markets reduced its stake in FSIC by selling 9,684 shares or 7.99% in the most recent quarter. The Hedge Fund company now holds 111,474 shares of FSIC which is valued at $1 Million.

FS Investment Corporation opened for trading at $8.79 and hit $8.93 on the upside on Wednesday, eventually ending the session at $8.88, with a gain of 1.14% or 0.1 points. The heightened volatility saw the trading volume jump to 8,69,459 shares. Company has a market cap of $2,162 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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