FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel Purchases 5,000 Shares

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel purchased 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, with a total value of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

FS Credit Opportunities Price Performance

Shares of FSCO opened at $6.95 on Monday. The stock’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $6.58. FS Credit Opportunities Corp. has a 52-week low of $5.61 and a 52-week high of $7.12.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.0645 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.77 dividend on an annualized basis and a yield of 11.14%.

Institutional Trading of FS Credit Opportunities

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in FS Credit Opportunities by 6.3% during the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company’s stock worth $171,000 after purchasing an additional 1,473 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in FS Credit Opportunities by 10.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,358 shares of the company’s stock worth $110,000 after purchasing an additional 1,587 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in FS Credit Opportunities by 0.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 247,720 shares of the company’s stock worth $1,573,000 after purchasing an additional 1,687 shares in the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of FS Credit Opportunities by 1.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company’s stock valued at $695,000 after acquiring an additional 1,827 shares in the last quarter. Finally, McAdam LLC raised its holdings in shares of FS Credit Opportunities by 4.4% in the 3rd quarter. McAdam LLC now owns 63,209 shares of the company’s stock valued at $401,000 after acquiring an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

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.