Endowment Wealth Management Inc. Lowers Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Endowment Wealth Management Inc. cut its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,879 shares of the company’s stock after selling 8,422 shares during the period. Endowment Wealth Management Inc.’s holdings in FS Credit Opportunities were worth $402,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FSCO. Noble Wealth Management PBC acquired a new position in shares of FS Credit Opportunities during the 4th quarter worth $3,255,000. Raymond James Financial Inc. acquired a new position in shares of FS Credit Opportunities in the 4th quarter worth approximately $3,128,000. Geneos Wealth Management Inc. acquired a new position in FS Credit Opportunities during the 4th quarter valued at approximately $2,252,000. Apollon Wealth Management LLC raised its stake in FS Credit Opportunities by 781.3% during the 4th quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company’s stock valued at $1,531,000 after acquiring an additional 199,072 shares in the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth $970,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Transactions at FS Credit Opportunities

In related news, Director Keith Bethel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, with a total value of $34,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by insiders.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.90 on Tuesday. The stock’s fifty day simple moving average is $6.92 and its 200 day simple moving average is $6.67. FS Credit Opportunities Corp. has a 52-week low of $5.65 and a 52-week high of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be issued a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date is Monday, March 24th.

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.