Advisors Asset Management Inc. Acquires 304,902 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Advisors Asset Management Inc. raised its stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 146.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 513,008 shares of the company's stock after acquiring an additional 304,902 shares during the quarter. Advisors Asset Management Inc. owned about 0.15% of FS Credit Opportunities worth $3,499,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Consolidated Portfolio Review Corp lifted its holdings in FS Credit Opportunities by 1.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company's stock worth $695,000 after purchasing an additional 1,827 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of FS Credit Opportunities by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company's stock worth $2,299,000 after buying an additional 2,888 shares in the last quarter. True North Advisors LLC boosted its position in shares of FS Credit Opportunities by 11.1% in the fourth quarter. True North Advisors LLC now owns 31,470 shares of the company's stock valued at $215,000 after acquiring an additional 3,147 shares during the period. Moors & Cabot Inc. grew its stake in shares of FS Credit Opportunities by 12.0% in the third quarter. Moors & Cabot Inc. now owns 29,619 shares of the company's stock valued at $188,000 after acquiring an additional 3,163 shares in the last quarter. Finally, PSI Advisors LLC increased its position in FS Credit Opportunities by 118.5% during the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company's stock worth $52,000 after acquiring an additional 4,146 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In other news, Director Keith Bethel acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $139,200. This trade represents a 33.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

FS Credit Opportunities Stock Performance

NYSE FSCO traded down $0.03 during trading on Tuesday, reaching $7.05. The company's stock had a trading volume of 762,266 shares, compared to its average volume of 717,806. The firm has a 50 day moving average price of $6.96 and a 200 day moving average price of $6.72. FS Credit Opportunities Corp. has a 12 month low of $5.66 and a 12 month high of $7.16.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date is Monday, March 24th.

FS Credit Opportunities Company Profile

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.