Centerpoint Advisory Group Acquires Shares of 76,875 FS Credit Opportunities Corp. (NYSE:FSCO)

Centerpoint Advisory Group purchased a new position in 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 76,875 shares of the company's stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ellis Investment Partners LLC increased its stake in shares of FS Credit Opportunities by 1.7% during the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company's stock worth $5,542,000 after purchasing an additional 13,624 shares in the last quarter. Vista Finance LLC increased its position in FS Credit Opportunities by 2.0% during the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company's stock worth $11,669,000 after purchasing an additional 34,190 shares during the last quarter. AlphaStar Capital Management LLC raised its position in shares of FS Credit Opportunities by 7.8% during the 4th quarter. AlphaStar Capital Management LLC now owns 92,301 shares of the company's stock valued at $629,000 after buying an additional 6,658 shares during the period. Apollon Wealth Management LLC raised its position in FS Credit Opportunities by 781.3% in the fourth quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company's stock valued at $1,531,000 after purchasing an additional 199,072 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in FS Credit Opportunities in the fourth quarter valued at about $262,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Up 0.1 %

NYSE:FSCO traded up $0.01 on Wednesday, reaching $6.95. 1,093,637 shares of the company's stock were exchanged, compared to its average volume of 877,042. FS Credit Opportunities Corp. has a 52-week low of $5.61 and a 52-week high of $7.12. The business has a fifty day moving average of $6.85 and a 200-day moving average of $6.59.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.0645 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.77 annualized dividend and a yield of 11.14%.

Insider Activity at FS Credit Opportunities

In related news, Director Keith Bethel bought 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, with a total value of $34,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company's stock.

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.