Ellis Investment Partners LLC Acquires 8,447 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Ellis Investment Partners LLC boosted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 799,004 shares of the company’s stock after purchasing an additional 8,447 shares during the quarter. FS Credit Opportunities comprises 1.0% of Ellis Investment Partners LLC’s portfolio, making the stock its 20th biggest holding. Ellis Investment Partners LLC’s holdings in FS Credit Opportunities were worth $5,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSCO. Coppell Advisory Solutions Corp. bought a new stake in FS Credit Opportunities during the 1st quarter valued at approximately $65,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in FS Credit Opportunities in the 2nd quarter worth approximately $73,000. SYM FINANCIAL Corp bought a new stake in FS Credit Opportunities in the 2nd quarter worth approximately $76,000. Compass Ion Advisors LLC bought a new stake in FS Credit Opportunities in the 3rd quarter worth approximately $81,000. Finally, Capital CS Group LLC bought a new stake in FS Credit Opportunities in the 2nd quarter worth approximately $85,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

NYSE:FSCO remained flat at $6.62 during trading hours on Friday. The company’s stock had a trading volume of 487,525 shares, compared to its average volume of 673,680. FS Credit Opportunities Corp. has a 1-year low of $5.29 and a 1-year high of $6.75. The company’s 50 day moving average price is $6.42 and its 200 day moving average price is $6.29.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date is Thursday, October 24th.

Insiders Place Their Bets

In other news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the transaction, the chief executive officer now owns 116,297 shares in the company, valued at approximately $715,226.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the transaction, the chief executive officer now owns 116,297 shares in the company, valued at approximately $715,226.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities 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.