Maridea Wealth Management LLC Makes New $484,000 Investment in FS Credit Opportunities Corp. (NYSE:FSCO)

Maridea Wealth Management LLC bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,920 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Independent Advisor Alliance raised its stake in FS Credit Opportunities by 35.9% during the 3rd quarter. Independent Advisor Alliance now owns 31,361 shares of the company’s stock valued at $199,000 after acquiring an additional 8,285 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of FS Credit Opportunities by 10.2% during the third quarter. Quadrature Capital Ltd now owns 46,834 shares of the company’s stock worth $298,000 after purchasing an additional 4,334 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of FS Credit Opportunities by 18.3% during the third quarter. Stifel Financial Corp now owns 133,411 shares of the company’s stock worth $847,000 after purchasing an additional 20,666 shares during the period. Jane Street Group LLC grew its position in FS Credit Opportunities by 71.1% in the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock valued at $154,000 after buying an additional 10,103 shares during the last quarter. Finally, Virtue Capital Management LLC increased its stake in FS Credit Opportunities by 18.9% in the 3rd quarter. Virtue Capital Management LLC now owns 41,709 shares of the company’s stock valued at $265,000 after buying an additional 6,626 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FS Credit Opportunities news, Director Keith Bethel purchased 5,000 shares of FS Credit Opportunities stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $6.96 per share, with a total value of $34,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Up 0.5 %

Shares of FSCO opened at $7.07 on Friday. The stock’s 50 day moving average is $6.97 and its two-hundred day moving average is $6.74. FS Credit Opportunities Corp. has a twelve month low of $5.66 and a twelve month high of $7.16.

FS Credit Opportunities Announces Dividend

The business 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. The ex-dividend date is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.96%.

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.