Fs Investment Corp (FSIC): Pedro A Ramos , director of Fs Investment Corp purchased 500 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.88 per share for a total value of $4,440.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Thomas Gravina (director) purchased 5,000 shares at $9.04 per share price.On Mar 3, 2016, Barry Frank (director) purchased 10,000 shares at $8.25 per share price.Also, On Feb 26, 2016, Gregory P Chandler (director) purchased 1,250 shares at $8.00 per share price.On Jan 14, 2016, Michael C. Forman (CEO) purchased 62,525 shares at $8.30 per share price.
Shares of FS Investment Corporation (FSIC) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.34% at $8.88 with 7,00,989 shares getting traded. Post opening the session at $8.9, the shares hit an intraday low of $8.85 and an intraday high of $9.07 and the price vacillated in this range throughout the day. The company has a market cap of $2,162,182 M and the number of outstanding shares has been calculated to be 2,43,48,90,00,000 shares. The 52-week high of FS Investment Corporation is $10.52 and the 52-week low is $6.91.
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.