Shares of FS Investment Corporation (NYSE:FSIC) Sees Large Outflow of Money

FS Investment Corporation (NYSE:FSIC) had an volatile session and gained 0.02 points till last call. The price was at $8.87, gaining 0.17% till the last intraday data. The total uptick value was $0.04 million while the total downtick value was $0.35 million. The shares saw a net money flow of $(-0.31) million and the up/down ratio stood at 0.11. The stock has seen a change of of -1.17% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-0.34) million. Almost $0 million were received in upticks and approximately $0.34 million were lost in downticks, thereby giving the up/down ratio of 0.


The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 0.55%.

FS Investment Corporation (NYSE:FSIC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.83 and $8.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.90, notching a gain of 0.56% for the day. The total traded volume was 613,188 . The stock had closed at $8.85 on the previous day.

Currently the company Insiders own 0.57% of FS Investment Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 51.22% . Institutional Investors own 29.56% of FS Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 59.17%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Compliance Officer) of Fs Investment Corp, Volk James Francis, had purchased 560 shares in a transaction dated on June 3, 2016. The transaction was executed at $8.99 per share with total amount equaling $5,034.

FS Investment Corporation is a non-diversified, closed-end management investment company. The Companys 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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