Maridea Wealth Management LLC Invests $484,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Maridea Wealth Management LLC purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 70,920 shares of the company's stock, valued at approximately $484,000.

Other large investors have also recently bought and sold shares of the company. Consolidated Portfolio Review Corp grew its stake in FS Credit Opportunities by 1.8% during the 4th 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 during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of FS Credit Opportunities by 0.9% during the 4th 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 in the last quarter. True North Advisors LLC grew its position in FS Credit Opportunities by 11.1% during the fourth quarter. True North Advisors LLC now owns 31,470 shares of the company's stock worth $215,000 after buying an additional 3,147 shares during the period. PSI Advisors LLC increased its stake in FS Credit Opportunities by 118.5% in the 4th 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. Finally, Atomi Financial Group Inc. raised its stake in shares of FS Credit Opportunities by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 69,149 shares of the company's stock worth $472,000 after buying an additional 4,192 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company's stock.

Insiders Place Their Bets

In other news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $6.96 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO traded down $0.06 during midday trading on Wednesday, reaching $7.04. 490,156 shares of the stock were exchanged, compared to its average volume of 715,527. The stock has a 50 day moving average price of $6.97 and a 200-day moving average price of $6.76. FS Credit Opportunities Corp. has a 52-week low of $5.66 and a 52-week high of $7.16.

FS Credit Opportunities Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a dividend of $0.0645 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.99%.

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.