FS Investment Corporation (FSIC) : Canal Capital Management reduced its stake in FS Investment Corporation by 3.85% during the most recent quarter end. The investment management company now holds a total of 388,066 shares of FS Investment Corporation which is valued at $3,663,343 after selling 15,532 shares in FS Investment Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.FS Investment Corporation makes up approximately 3.41% of Canal Capital Management’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in FSIC by selling 100 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 13,514 shares of FSIC which is valued at $127,572. FS Investment Corporation makes up approx 0.01% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in FSIC in the latest quarter, The investment management firm added 935 additional shares and now holds a total of 9,196 shares of FS Investment Corporation which is valued at $86,442. FS Investment Corporation makes up approx 0.02% of Advisory Services Network’s portfolio. Washington Trust Bank sold out all of its stake in FSIC during the most recent quarter. The investment firm sold 650 shares of FSIC which is valued $6,123.
FS Investment Corporation closed down -0.06 points or -0.64% at $9.38 with 4,05,470 shares getting traded on Tuesday. Post opening the session at $9.4, the shares hit an intraday low of $9.34 and an intraday high of $9.416 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.