Apollon Wealth Management LLC lifted its stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 781.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 224,553 shares of the company's stock after buying an additional 199,072 shares during the period. Apollon Wealth Management LLC owned about 0.07% of FS Credit Opportunities worth $1,531,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Spire Wealth Management bought a new position in FS Credit Opportunities during the fourth quarter worth about $39,000. PSI Advisors LLC increased its holdings 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 in the last quarter. Truvestments Capital LLC acquired a new stake in shares of FS Credit Opportunities in the third quarter valued at approximately $52,000. Nwam LLC acquired a new stake in shares of FS Credit Opportunities in the third quarter valued at approximately $66,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $82,000. Institutional investors own 36.37% of the company's stock.
FS Credit Opportunities Stock Performance
Shares of FS Credit Opportunities stock traded down $0.01 during midday trading on Friday, reaching $6.95. The company had a trading volume of 718,713 shares, compared to its average volume of 862,244. The stock has a fifty day simple moving average of $6.83 and a 200 day simple moving average of $6.58. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12.
FS Credit Opportunities Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date is Friday, February 21st.
Insiders Place Their Bets
In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, with a total value of $34,800.00. Following the acquisition, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company's stock.
About FS Credit Opportunities
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Free Report)
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.
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