Arete Wealth Advisors buys $9.2 Million stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Arete Wealth Advisors scooped up 6,400 additional shares in FS Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,021,230 shares of FS Investment Corporation which is valued at $9.2 Million.FS Investment Corporation makes up approximately 5.78% of Arete Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in FSIC in the latest quarter, The investment management firm added 8,760 additional shares and now holds a total of 53,333 shares of FS Investment Corporation which is valued at $482,664. FS Investment Corporation makes up approx 0.03% of Pinebridge Investments’s portfolio.Girard Securities reduced its stake in FSIC by selling 2,692 shares or 19.16% in the most recent quarter. The Hedge Fund company now holds 11,359 shares of FSIC which is valued at $102,799. FS Investment Corporation makes up approx 0.10% of Girard Securities’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.Cambridge Investment Research Advisors boosted its stake in FSIC in the latest quarter, The investment management firm added 233,663 additional shares and now holds a total of 2,453,037 shares of FS Investment Corporation which is valued at $22.3 Million. FS Investment Corporation makes up approx 0.50% of Cambridge Investment Research Advisors’s portfolio.

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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