FS Credit Opportunities (NYSE:FSCO) Reaches New 52-Week High - What's Next?

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $7.12 and last traded at $7.12, with a volume of 519037 shares traded. The stock had previously closed at $6.98.

FS Credit Opportunities Trading Down 0.1 %

The business has a 50-day simple moving average of $6.91 and a 200-day simple moving average of $6.66.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be paid a $0.0645 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 11.08%.

Insiders Place Their Bets

In other FS Credit Opportunities news, Director Keith Bethel purchased 5,000 shares of the business'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 completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $139,200. This represents 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 accessible through the SEC website. Company insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On FS Credit Opportunities

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of FS Credit Opportunities by 6.3% during the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company's stock worth $171,000 after purchasing an additional 1,473 shares during the period. Consolidated Portfolio Review Corp grew 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 buying an additional 1,827 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in FS Credit Opportunities by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company's stock valued at $2,299,000 after acquiring an additional 2,888 shares during the period. Stifel Financial Corp raised its holdings in FS Credit Opportunities by 2.3% in the 4th quarter. Stifel Financial Corp now owns 136,449 shares of the company's stock valued at $931,000 after acquiring an additional 3,038 shares in the last quarter. Finally, True North Advisors LLC lifted its position in shares of FS Credit Opportunities by 11.1% in the 4th quarter. True North Advisors LLC now owns 31,470 shares of the company's stock worth $215,000 after acquiring an additional 3,147 shares during the period. Institutional investors own 36.37% of the company's stock.

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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.