FS Investment Corporation (FSIC) : Canal Capital Management reduced its stake in FS Investment Corporation by 14.09% during the most recent quarter end. The investment management company now holds a total of 403,598 shares of FS Investment Corporation which is valued at $3,793,821 after selling 66,196 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.FS Investment Corporation makes up approximately 3.86% of Canal Capital Management’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management reduced its stake in FSIC by selling 28,200 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 699,081 shares of FSIC which is valued at $6,571,361. FS Investment Corporation makes up approx 0.10% of Advisors Asset Management’s portfolio.California Public Employees Retirement System boosted its stake in FSIC in the latest quarter, The investment management firm added 18,300 additional shares and now holds a total of 579,100 shares of FS Investment Corporation which is valued at $5,484,077. FS Investment Corporation makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Strategic Financial Group reduced its stake in FSIC by selling 1,334 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 93,461 shares of FSIC which is valued at $885,076. FS Investment Corporation makes up approx 0.51% of Strategic Financial Group’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in FSIC by selling 17,416 shares or 11.51% in the most recent quarter. The Hedge Fund company now holds 133,904 shares of FSIC which is valued at $1,272,088. FS Investment Corporation makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Concorde Asset Management sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 17,310 shares of FSIC which is valued $160,810.
FS Investment Corporation opened for trading at $9.5 and hit $9.55 on the upside on Monday, eventually ending the session at $9.55, with a gain of 0.74% or 0.07 points. The heightened volatility saw the trading volume jump to 7,24,258 shares. Company has a market cap of $2,325 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.