FS Investment Corporation (FSIC) : Traders are bullish on FS Investment Corporation (FSIC) as it has outperformed the S&P 500 by a wide margin of 1.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.26% in the last 1 week, and is up 4.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.93% and the 50-Day Moving Average is 6.24%. FS Investment Corporation is up 4.64% in the last 3-month period. Year-to-Date the stock performance stands at 11.03%.
FS Investment Corporation (NYSE:FSIC): stock turned positive on Friday. Though the stock opened at $9.41, the bulls momentum made the stock top out at $9.5 level for the day. The stock recorded a low of $9.41 and closed the trading day at $9.5, in the green by 1.06%. The total traded volume for the day was 966,965. The stock had closed at $9.4 in the previous days trading.
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.