Ergawealth Advisors Inc. Buys Shares of 67,909 FS Credit Opportunities Corp. (NYSE:FSCO)

Ergawealth Advisors Inc. acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 67,909 shares of the company's stock, valued at approximately $463,000.

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

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FS Credit Opportunities Stock Performance

NYSE:FSCO traded down $0.03 during mid-day trading on Tuesday, hitting $7.06. 1,157,817 shares of the stock were exchanged, compared to its average volume of 856,365. The firm's 50-day simple moving average is $6.89 and its 200 day simple moving average is $6.65. FS Credit Opportunities Corp. has a fifty-two week low of $5.65 and a fifty-two week high of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 10.97%. The ex-dividend date of this dividend was Friday, February 21st.

Insiders Place Their Bets

In other news, Director Keith Bethel bought 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company's stock, valued at $139,200. This represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

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.