Fs Investment Corp (FSIC): James Francis Volk , Chief Compliance Officer of Fs Investment Corp purchased 560 shares on Jun 3, 2016. The Insider buying transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.99 per share for a total value of $5,034.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Thomas Gravina (director) purchased 10,000 shares at $8.89 per share price.On May 24, 2016, Pedro A Ramos (director) purchased 500 shares at $8.88 per share price.Also, On Mar 3, 2016, Barry Frank (director) purchased 10,000 shares at $8.25 per share price.On Feb 26, 2016, Gregory P Chandler (director) purchased 1,250 shares at $8.00 per share price.
FS Investment Corporation: On Friday, Jun 3, 2016 heightened volatility was witnessed in FS Investment Corporation which led to swings in the share price. The shares opened for trading at $8.94 and hit $9.03 on the upside , eventually ending the session at $9, with a gain of 0.67% or 0.06 points. The heightened volatility saw the trading volume jump to 5,70,750 shares. The 52-week high of the share price is $10.52 and the company has a market cap of $2,191 M . The 52-week low of the share price is at $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.