FS Investment Corporation (FSIC) : Feltz Wealth Plan reduced its stake in FS Investment Corporation by 19.39% during the most recent quarter end. The investment management company now holds a total of 381,909 shares of FS Investment Corporation which is valued at $3,589,945 after selling 91,871 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.FS Investment Corporation makes up approximately 0.19% of Feltz Wealth Plan’s portfolio.
Other Hedge Funds, Including , Canal Capital Management reduced its stake in FSIC by selling 66,196 shares or 14.09% in the most recent quarter. The Hedge Fund company now holds 403,598 shares of FSIC which is valued at $3,793,821. FS Investment Corporation makes up approx 3.86% of Canal Capital Management’s portfolio.Commonwealth Equity Services Inc reduced its stake in FSIC by selling 382,627 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 11,201,159 shares of FSIC which is valued at $106,074,976. FS Investment Corporation makes up approx 0.87% of Commonwealth Equity Services Inc’s portfolio. Cornerstone Financial Partners sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 158,254 shares of FSIC which is valued $1,498,665.Investors Capital Advisory Services reduced its stake in FSIC by selling 7,105 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 274,559 shares of FSIC which is valued at $2,600,074. FS Investment Corporation makes up approx 0.50% of Investors Capital Advisory Services’s portfolio.Advisory Services Network boosted its stake in FSIC in the latest quarter, The investment management firm added 3,312 additional shares and now holds a total of 8,261 shares of FS Investment Corporation which is valued at $77,901. FS Investment Corporation makes up approx 0.02% of Advisory Services Network’s portfolio.
FS Investment Corporation opened for trading at $9.5 and hit $9.55 on the upside on Monday, eventually ending the session at $9.55, with a gain of 0.74% or 0.07 points. The heightened volatility saw the trading volume jump to 7,24,258 shares. Company has a market cap of $2,325 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.