FS Credit Opportunities (NYSE:FSCO) Trading Up 7.4% - Should You Buy?

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s stock price rose 7.4% during mid-day trading on Tuesday . The stock traded as high as $6.36 and last traded at $6.26. Approximately 1,039,908 shares traded hands during trading, an increase of 37% from the average daily volume of 760,776 shares. The stock had previously closed at $5.83.

FS Credit Opportunities Stock Down 0.9 %

The business has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $6.75.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 12.33%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Insiders Place Their Bets

In other news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $6.96 per share, with a total value of $34,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $139,200. The trade was a 33.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in FS Credit Opportunities by 6.3% in the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company's stock worth $171,000 after buying an additional 1,473 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of FS Credit Opportunities by 1.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company's stock valued at $695,000 after acquiring an additional 1,827 shares during the last quarter. Marcum Wealth LLC increased its stake in shares of FS Credit Opportunities by 4.8% in the first quarter. Marcum Wealth LLC now owns 56,711 shares of the company's stock worth $400,000 after acquiring an additional 2,605 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of FS Credit Opportunities by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company's stock worth $2,299,000 after purchasing an additional 2,888 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in FS Credit Opportunities by 2.3% during the fourth quarter. Stifel Financial Corp now owns 136,449 shares of the company's stock valued at $931,000 after purchasing an additional 3,038 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

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.