Noble Wealth Management PBC acquired a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 477,260 shares of the company's stock, valued at approximately $3,255,000. FS Credit Opportunities comprises about 2.3% of Noble Wealth Management PBC's portfolio, making the stock its 7th biggest position. Noble Wealth Management PBC owned about 0.14% of FS Credit Opportunities as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSCO. Vista Finance LLC increased its position in shares of FS Credit Opportunities by 2.0% during the 4th quarter. Vista Finance LLC now owns 1,711,019 shares of the company's stock valued at $11,669,000 after purchasing an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC increased its position in FS Credit Opportunities by 1.7% during the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company's stock valued at $5,542,000 after acquiring an additional 13,624 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of FS Credit Opportunities by 0.9% in 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. Geneos Wealth Management Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $2,252,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of FS Credit Opportunities by 11.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 288,185 shares of the company's stock worth $1,965,000 after purchasing an additional 30,477 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Keith Bethel bought 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 20,000 shares of the company's stock, valued at approximately $139,200. The trade was 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 available at this link. 0.26% of the stock is owned by corporate insiders.
FS Credit Opportunities Stock Performance
NYSE:FSCO traded up $0.03 during mid-day trading on Wednesday, hitting $7.07. 640,053 shares of the stock traded hands, compared to its average volume of 854,313. FS Credit Opportunities Corp. has a 52 week low of $5.65 and a 52 week high of $7.12. The firm's 50 day moving average is $6.90 and its two-hundred day moving average is $6.65.
FS Credit Opportunities Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.0645 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.77 annualized dividend and a dividend yield of 10.96%.
About FS Credit Opportunities
(
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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