Rehmann Capital Advisory Group buys $2,806,915 stake in FS Investment Corporation (FSIC)

FS Investment Corporation (FSIC) : Rehmann Capital Advisory Group scooped up 17,918 additional shares in FS Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 297,658 shares of FS Investment Corporation which is valued at $2,806,915.FS Investment Corporation makes up approximately 0.51% of Rehmann Capital Advisory Group’s portfolio.

Other Hedge Funds, Including , Financial Architects Inc reduced its stake in FSIC by selling 8,098 shares or 8.87% in the most recent quarter. The Hedge Fund company now holds 83,152 shares of FSIC which is valued at $784,123. FS Investment Corporation makes up approx 0.22% of Financial Architects Inc’s portfolio. Burt Wealth Advisors sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 4,913 shares of FSIC which is valued $45,642.Cwm boosted its stake in FSIC in the latest quarter, The investment management firm added 11,961 additional shares and now holds a total of 22,586 shares of FS Investment Corporation which is valued at $209,824. FS Investment Corporation makes up approx 0.01% of Cwm’s portfolio.Cibc World Markets reduced its stake in FSIC by selling 5,563 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 105,911 shares of FSIC which is valued at $983,913.

FS Investment Corporation opened for trading at $9.41 and hit $9.5 on the upside on Friday, eventually ending the session at $9.5, with a gain of 1.06% or 0.1 points. The heightened volatility saw the trading volume jump to 9,66,965 shares. Company has a market cap of $2,313 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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