FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $7.14 and last traded at $7.14, with a volume of 331130 shares changing hands. The stock had previously closed at $7.07.
FS Credit Opportunities Price Performance
The company has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $6.72.
FS Credit Opportunities Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be issued a $0.0645 dividend. This represents a $0.77 annualized dividend and a dividend yield of 10.94%. The ex-dividend date is Monday, March 24th.
Insider Activity
In related news, Director Keith Bethel acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company's stock.
Hedge Funds Weigh In On FS Credit Opportunities
Several institutional investors and hedge funds have recently modified their holdings of FSCO. Spire Wealth Management acquired a new position in FS Credit Opportunities in the 4th quarter valued at $39,000. US Bancorp DE purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at $49,000. PSI Advisors LLC increased its stake in 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. Truvestments Capital LLC purchased a new position in FS Credit Opportunities during the third quarter worth about $52,000. Finally, Nwam LLC purchased a new position in FS Credit Opportunities during the third quarter worth about $66,000. Hedge funds and other institutional investors own 36.37% of the company's stock.
FS Credit Opportunities Company Profile
(
Get 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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