Thomas J. Herzfeld Advisors Inc. Has $22.08 Million Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Thomas J. Herzfeld Advisors Inc. lessened its stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,237,249 shares of the company's stock after selling 1,055,109 shares during the quarter. FS Credit Opportunities accounts for about 7.1% of Thomas J. Herzfeld Advisors Inc.'s holdings, making the stock its 2nd biggest position. Thomas J. Herzfeld Advisors Inc. owned approximately 0.94% of FS Credit Opportunities worth $22,078,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSCO. Jane Street Group LLC grew 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 buying an additional 10,103 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $82,000. PFG Investments LLC grew its position in FS Credit Opportunities by 92.0% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FS Credit Opportunities by 689.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock valued at $679,000 after purchasing an additional 93,363 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of FS Credit Opportunities by 87.4% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 36.37% of the company's stock.

Insider Activity

In other news, Director Keith Bethel acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, with a total value of $34,800.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

FS Credit Opportunities Trading Down 10.7 %

NYSE:FSCO traded down $0.73 during trading hours on Friday, reaching $6.10. The company's stock had a trading volume of 5,939,957 shares, compared to its average volume of 742,550. FS Credit Opportunities Corp. has a one year low of $5.66 and a one year high of $7.16. The business's 50-day moving average is $6.95 and its 200-day moving average is $6.76.

FS Credit Opportunities Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a dividend of $0.0645 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 12.69%.

FS Credit Opportunities 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.