Advisors Asset Management Inc. Boosts Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Advisors Asset Management Inc. lifted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 146.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 513,008 shares of the company’s stock after purchasing an additional 304,902 shares during the quarter. Advisors Asset Management Inc. owned 0.15% of FS Credit Opportunities worth $3,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in FS Credit Opportunities by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,944,373 shares of the company’s stock worth $13,261,000 after buying an additional 18,020 shares during the period. Vista Finance LLC boosted its stake in FS Credit Opportunities by 2.0% during the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after buying an additional 34,190 shares during the period. Ellis Investment Partners LLC boosted its stake 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 worth $5,542,000 after buying an additional 13,624 shares during the period. Noble Wealth Management PBC purchased a new position in FS Credit Opportunities during the fourth quarter worth $3,255,000. Finally, Raymond James Financial Inc. purchased a new position in FS Credit Opportunities during the fourth quarter worth $3,128,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Up 1.1 %

NYSE FSCO opened at $7.15 on Friday. The company has a fifty day moving average of $6.95 and a two-hundred day moving average of $6.71. FS Credit Opportunities Corp. has a 52 week low of $5.66 and a 52 week high of $7.17.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a dividend of $0.0645 per share. The ex-dividend date is Monday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 10.83%.

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.