FS Investment Corporation (FSIC) : Cambridge Investment Research Advisors scooped up 233,663 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 3, 2016. The investment management firm now holds a total of 2,453,037 shares of FS Investment Corporation which is valued at $22,347,167.FS Investment Corporation makes up approximately 0.50% of Cambridge Investment Research Advisors’s portfolio.
Other Hedge Funds, Including , Partnervest Advisory Services added FSIC to its portfolio by purchasing 11,518 company shares during the most recent quarter which is valued at $104,929. FS Investment Corporation makes up approx 0.06% of Partnervest Advisory Services’s portfolio. Efficient Market Advisors sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 4,346 shares of FSIC which is valued $40,461.State Of New Jersey Common Pension Fund D boosted its stake in FSIC in the latest quarter, The investment management firm added 270,000 additional shares and now holds a total of 1,040,000 shares of FS Investment Corporation which is valued at $9,682,400. FS Investment Corporation makes up approx 0.04% of State Of New Jersey Common Pension Fund D’s portfolio.Metlife Securities Inc reduced its stake in FSIC by selling 42,737 shares or 6.41% in the most recent quarter. The Hedge Fund company now holds 624,049 shares of FSIC which is valued at $5,822,377. FS Investment Corporation makes up approx 0.24% of Metlife Securities Inc’s portfolio. Reilly Financial Advisors added FSIC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $9,330.
FS Investment Corporation opened for trading at $9.11 and hit $9.19 on the upside on Tuesday, eventually ending the session at $9.13, with a gain of 0.77% or 0.07 points. The heightened volatility saw the trading volume jump to 7,61,938 shares. Company has a market cap of $2,223 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.