FS Credit Opportunities (NYSE:FSCO) Sets New 12-Month Low - Here's What Happened

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.29 and last traded at $5.56, with a volume of 1738147 shares. The stock had previously closed at $6.08.

FS Credit Opportunities Trading Down 0.9 %

The stock has a fifty day moving average of $6.86 and a 200 day moving average of $6.75.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a yield of 12.33%. The ex-dividend date is Wednesday, April 23rd.

Insider Activity

In related news, Director Keith Bethel acquired 5,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

Institutional Trading of FS Credit Opportunities

Several hedge funds and other institutional investors have recently bought and sold shares of FSCO. Stifel Financial Corp boosted its position in FS Credit Opportunities by 18.3% in the 3rd quarter. Stifel Financial Corp now owns 133,411 shares of the company's stock worth $847,000 after purchasing an additional 20,666 shares in the last quarter. Jane Street Group LLC boosted its holdings in FS Credit Opportunities by 71.1% during the third quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock worth $154,000 after buying an additional 10,103 shares in the last quarter. Sanctuary Advisors LLC grew its position in FS Credit Opportunities by 8.7% during the third quarter. Sanctuary Advisors LLC now owns 82,543 shares of the company's stock valued at $537,000 after buying an additional 6,599 shares during the period. ORG Partners LLC increased its holdings in FS Credit Opportunities by 2,706.2% in the fourth quarter. ORG Partners LLC now owns 40,971 shares of the company's stock valued at $279,000 after buying an additional 39,511 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of FS Credit Opportunities by 689.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock worth $679,000 after acquiring an additional 93,363 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

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.