Private Advisor Group Lowers stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Private Advisor Group reduced its stake in FS Investment Corporation by 18.49% during the most recent quarter end. The investment management company now holds a total of 1,833,874 shares of FS Investment Corporation which is valued at $17,311,771 after selling 416,040 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.FS Investment Corporation makes up approximately 0.69% of Private Advisor Group’s portfolio.

Other Hedge Funds, Including , Atlanta Capital Group boosted its stake in FSIC in the latest quarter, The investment management firm added 597 additional shares and now holds a total of 27,574 shares of FS Investment Corporation which is valued at $260,299. FS Investment Corporation makes up approx 0.06% of Atlanta Capital Group’s portfolio.Portfolio Solutions boosted its stake in FSIC in the latest quarter, The investment management firm added 2,831 additional shares and now holds a total of 85,907 shares of FS Investment Corporation which is valued at $810,103. FS Investment Corporation makes up approx 0.12% of Portfolio Solutions’s portfolio.Creative Planning boosted its stake in FSIC in the latest quarter, The investment management firm added 5,282 additional shares and now holds a total of 73,370 shares of FS Investment Corporation which is valued at $673,537.

FS Investment Corporation opened for trading at $9.57 and hit $9.59 on the upside on Wednesday, eventually ending the session at $9.58, with a gain of 0.31% or 0.03 points. The heightened volatility saw the trading volume jump to 6,15,940 shares. Company has a market cap of $2,333 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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