Transce3nd LLC Buys New Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Transce3nd LLC purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 140,793 shares of the company's stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC lifted its stake in shares of FS Credit Opportunities by 71.1% in the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock valued at $154,000 after purchasing an additional 10,103 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of FS Credit Opportunities during the fourth quarter valued at about $82,000. PFG Investments LLC increased its position in shares of FS Credit Opportunities by 92.0% during the fourth quarter. PFG Investments LLC now owns 163,974 shares of the company's stock worth $1,118,000 after acquiring an additional 78,570 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of FS Credit Opportunities by 689.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock worth $679,000 after acquiring an additional 93,363 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in FS Credit Opportunities by 87.4% in the fourth quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company's stock valued at $1,063,000 after purchasing an additional 72,144 shares during the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Up 1.4 %

NYSE FSCO traded up $0.09 during trading hours on Thursday, reaching $6.67. 613,211 shares of the company traded hands, compared to its average volume of 784,421. The company has a 50 day moving average of $6.81 and a two-hundred day moving average of $6.76. FS Credit Opportunities Corp. has a 12 month low of $5.29 and a 12 month high of $7.16.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.0645 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.77 annualized dividend and a yield of 11.60%.

Insiders Place Their Bets

In other news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now owns 20,000 shares of the company's stock, valued at approximately $139,200. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by corporate insiders.

About FS Credit Opportunities

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.