FS Investment Corporation (FSIC) : Lpl Financial reduced its stake in FS Investment Corporation by 50.34% during the most recent quarter end. The investment management company now holds a total of 4,769,622 shares of FS Investment Corporation which is valued at $45,216,017 after selling 4,835,170 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.FS Investment Corporation makes up approximately 0.37% of Lpl Financial’s portfolio.
Other Hedge Funds, Including , Clark Capital Management Group added FSIC to its portfolio by purchasing 14,423 company shares during the most recent quarter which is valued at $136,730. FS Investment Corporation makes up approx 0.01% of Clark Capital Management Group’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in FSIC in the latest quarter, The investment management firm added 29,502 additional shares and now holds a total of 371,331 shares of FS Investment Corporation which is valued at $3,520,218. FS Investment Corporation makes up approx 0.25% of Stratos Wealth Partners Ltd.’s portfolio. Acrospire Investment Management added FSIC to its portfolio by purchasing 1,498 company shares during the most recent quarter which is valued at $14,141. FS Investment Corporation makes up approx 0.01% of Acrospire Investment Management’s portfolio. Airain Ltd sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 10,049 shares of FSIC which is valued $95,164.Ausdal Financial Partners boosted its stake in FSIC in the latest quarter, The investment management firm added 35,405 additional shares and now holds a total of 154,837 shares of FS Investment Corporation which is valued at $1,470,952. FS Investment Corporation makes up approx 0.73% of Ausdal Financial Partners’s portfolio.
FS Investment Corporation opened for trading at $9.88 and hit $9.89 on the upside on Thursday, eventually ending the session at $9.88, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 4,72,060 shares. Company has a market cap of $2,406 M.
Investors should note that on Aug 9, 2016, FS Investment Corporation announced a cash dividend of $0.2228. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 4, 2016.
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.