Ares Management Has Lifted Its Fs Investment (FSIC) Stake by $2.53 Million; Stock Value Rose; Restructuring Capital Associates LP Continues to Hold Holding in Nordstrom (JWN)

June 17, 2018 - By Louis Casey

Nordstrom, Inc. (NYSE:JWN) Logo

Ares Management Llc increased its stake in Fs Investment Corp (FSIC) by 25.4% based on its latest 2018Q1 regulatory filing with the SEC. Ares Management Llc bought 361,815 shares as the company’s stock rose 5.48% while stock markets declined. The institutional investor held 1.79 million shares of the company at the end of 2018Q1, valued at $12.95 million, up from 1.42 million at the end of the previous reported quarter. Ares Management Llc who had been investing in Fs Investment Corp for a number of months, seems to be bullish on the $1.87 billion market cap company. The stock decreased 1.91% or $0.15 during the last trading session, reaching $7.7. About 829,653 shares traded. FS Investment Corporation (NYSE:FSIC) has declined 15.85% since June 17, 2017 and is downtrending. It has underperformed by 28.42% the S&P500. Some Historical FSIC News: 10/05/2018 – FS INVESTMENT CORP QTRLY NET INVESTMENT INCOME OF $0.21 PER SHARE; 10/05/2018 – FS INVESTMENT CORP QTRLY ADJUSTED NET INVESTMENT INCOME OF $0.21 PER SHARE; 19/05/2018 – BSE Mumbai Bourse: Results from IL & FS Investment Managers for Jan 01 to Mar 31; 19/05/2018 – BSE Mumbai Bourse: Results from IL & FS Investment Managers for Apr 01 to Mar 31; 16/04/2018 – S&P REVISES FS INVESTMENT CORP. OUTLOOK TO ‘STABLE’ FROM CREDIT WATCH ‘NEGATIVE’; RATING ‘BBB-‘; 04/05/2018 – IL & FS INVESTMENT MANAGERS LTD ILFS.NS – MARCH QTR CONSOL REVENUE FROM OPS 258.5 MLN RUPEES VS 284.5 MLN RUPEES YR AGO; 03/04/2018 – S&P PLACED FS INVESTMENT CORP. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘BBB-‘; 10/05/2018 – IL & FS INVESTMENT MANAGERS – UNIT IIML FUND MANAGERS (SINGAPORE) TO SURRENDER CAPITAL MARKET SERVICE LICENCE TO MONETARY AUTHORITY OF SINGAPORE; 16/04/2018 – S&PGR Affirms FS Investment ‘BBB-‘ Rtg; Off Watch; Otlk Stable; 09/04/2018 – FS Investments and GSO Cap Partners Have Concluded Their Relationship With Respect to All of FS Investments’ Sponsored Funds

Restructuring Capital Associates Lp increased its stake in Nordstrom Inc (JWN) by 17.86% based on its latest 2018Q1 regulatory filing with the SEC. Restructuring Capital Associates Lp bought 25,000 shares as the company’s stock declined 6.62% with the market. The hedge fund held 165,000 shares of the consumer services company at the end of 2018Q1, valued at $7.99 million, up from 140,000 at the end of the previous reported quarter. Restructuring Capital Associates Lp who had been investing in Nordstrom Inc for a number of months, seems to be bullish on the $8.45 billion market cap company. The stock increased 1.24% or $0.62 during the last trading session, reaching $50.49. About 2.39M shares traded or 19.58% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 17.06% since June 17, 2017 and is uptrending. It has outperformed by 4.49% the S&P500. Some Historical JWN News: 05/03/2018 – BREAKING: Nordstrom rejects takeover offer from Nordstrom family group for $50 per share; 20/03/2018 – Nordstrom Special Committee Ends Buyout Talks With Family; 05/03/2018 – NORDSTROM – TO INTRODUCE MORE THAN 200 ITEMS FROM ANTHROPOLOGIE HOME AT SELECT NORDSTROM FULL-LINE STORES & ON NORDSTROM.COM, BEGINNING MARCH 19; 22/03/2018 – WWD [Reg]: Nordstrom Family Leaves Buyout Door Open, Slightly; 05/03/2018 – Special Committee of Nordstrom Board Announces the Receipt and Rejection of Indicative Proposal to Acquire Company; 20/03/2018 – NORDSTROM – SPECIAL COMMITTEE BELIEVES CO WELL POSITIONED TO “CAPITALIZE ON FUTURE OPPORTUNITIES TO GAIN MARKET SHARE” THROUGH CUSTOMER STRATEGY; 20/03/2018 – Nordstrom Ends Talks With Family After Failing to Agree on Price; 21/03/2018 – Nordstrom Inc. CDS Tightens 114 Bps; 17/05/2018 – Nordstrom Sales Disappoint as Reality of Staying Public Sets In; 06/04/2018 – Shellye L. Archambeau Joins Roper Technologies Board of Directors

Among 10 analysts covering FS Investment (NYSE:FSIC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. FS Investment had 17 analyst reports since August 12, 2015 according to SRatingsIntel. On Wednesday, May 31 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of FS Investment Corporation (NYSE:FSIC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, October 5. The firm earned “Buy” rating on Wednesday, September 30 by DA Davidson. Keefe Bruyette & Woods maintained the shares of FSIC in report on Thursday, August 10 with “Hold” rating. The stock has “Buy” rating by National Securities on Friday, December 15. The stock has “Market Perform” rating by Wells Fargo on Friday, March 3. Wood maintained the stock with “Hold” rating in Monday, May 1 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $1000 target in Sunday, July 23 report. The stock of FS Investment Corporation (NYSE:FSIC) earned “Equal-Weight” rating by Barclays Capital on Wednesday, September 7. On Thursday, November 9 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

More recent FS Investment Corporation (NYSE:FSIC) news were published by: Seekingalpha.com which released: “This 11.2% Yielding BDC Is Ready For Shareholder Activism” on May 30, 2018. Also Seekingalpha.com published the news titled: “Main Street Capital’s NAV, Valuation, And Dividend Compared To 13 BDC Peers (Post Q1 2018 Earnings) – Part 1” on May 24, 2018. Seekingalpha.com‘s news article titled: “TCG BDC Inc.: 9% Dividend Yield With Upside For Rising Interest Rates” with publication date: June 01, 2018 was also an interesting one.

Among 31 analysts covering Nordstrom Inc. (NYSE:JWN), 7 have Buy rating, 6 Sell and 18 Hold. Therefore 23% are positive. Nordstrom Inc. had 119 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Nordstrom, Inc. (NYSE:JWN) has “Accumulate” rating given on Tuesday, May 9 by Gordon Haskett. Piper Jaffray maintained the shares of JWN in report on Wednesday, October 18 with “Hold” rating. On Thursday, June 16 the stock rating was reinitiated by Maxim Group with “Buy”. On Thursday, March 1 the stock rating was maintained by Piper Jaffray with “Hold”. Telsey Advisory Group maintained Nordstrom, Inc. (NYSE:JWN) rating on Friday, November 13. Telsey Advisory Group has “Market Perform” rating and $57 target. Barclays Capital maintained the shares of JWN in report on Friday, November 13 with “Underweight” rating. The rating was upgraded by Northcoast on Monday, May 16 to “Neutral”. On Wednesday, January 10 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Buy” rating given on Friday, August 14 by Piper Jaffray. The rating was maintained by Topeka Capital Markets on Friday, May 13 with “Buy”.

Restructuring Capital Associates Lp, which manages about $1.47 billion and $176.21M US Long portfolio, decreased its stake in California Res Corp by 76,000 shares to 1.50M shares, valued at $25.76 million in 2018Q1, according to the filing.

Since April 11, 2018, it had 0 insider purchases, and 14 selling transactions for $3.10 million activity. 13,703 shares were sold by Worzel Ken, worth $671,036. 3,379 shares were sold by NORDSTROM PETER E, worth $179,121. On Sunday, June 10 NORDSTROM ERIK B sold $179,087 worth of Nordstrom, Inc. (NYSE:JWN) or 3,379 shares. 10,000 Nordstrom, Inc. (NYSE:JWN) shares with value of $490,200 were sold by Meden Scott A.

More notable recent Nordstrom, Inc. (NYSE:JWN) news were published by: Nasdaq.com which released: “Canadian Consumers Boycotting American Goods Is a Big Nothing Burger” on June 15, 2018, also Fool.com with their article: “Nordstrom, Inc.’s Real Estate Could Be a Gold Mine” published on June 16, 2018, Bizjournals.com published: “Exclusive: Nordstrom to close Stonestown location, leaving SF mall anchor-less” on June 06, 2018. More interesting news about Nordstrom, Inc. (NYSE:JWN) were released by: Seekingalpha.com and their article: “Nordstrom’s Surging Return On Equity: A Closer Look” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “Nordstrom: Buy The Dip?” with publication date: May 23, 2018.

Nordstrom, Inc. (NYSE:JWN) Institutional Positions Chart

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