Key Points
- Director Della Clark bought 3,000 FSCO shares on Dec. 30 at $6.22 each ($18,660 total), raising her holdings to 11,368 shares—a 35.85% increase in her stake.
- The fund paid a monthly dividend of $0.0678 per share (paid Nov. 28), implying an annualized yield of about 12.9%.
- FSCO traded near $6.30 (50-day SMA $6.29, 200-day SMA $6.89) with a 52-week range of $5.29–$7.65, and roughly 36.37% of the stock is owned by hedge funds and other institutional investors.
FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) Director Della Clark bought 3,000 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average price of $6.22 per share, for a total transaction of $18,660.00. Following the purchase, the director owned 11,368 shares in the company, valued at $70,708.96. This represents a 35.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
FS Credit Opportunities Trading Up 1.0%
Shares of FSCO stock opened at $6.30 on Thursday. The stock has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.89. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65.
FS Credit Opportunities Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 20th were paid a dividend of $0.0678 per share. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Thursday, November 20th.
Institutional Investors Weigh In On FS Credit Opportunities
A number of institutional investors have recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC purchased a new stake in FS Credit Opportunities in the 2nd quarter worth $507,000. Advisors Asset Management Inc. increased its holdings in shares of FS Credit Opportunities by 15.1% in the second quarter. Advisors Asset Management Inc. now owns 708,043 shares of the company's stock worth $5,140,000 after purchasing an additional 92,641 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of FS Credit Opportunities by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 590,181 shares of the company's stock worth $4,285,000 after buying an additional 252,781 shares in the last quarter. Vista Finance LLC boosted its stake in FS Credit Opportunities by 5.1% during the second quarter. Vista Finance LLC now owns 2,054,723 shares of the company's stock valued at $14,917,000 after buying an additional 98,911 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in FS Credit Opportunities by 100.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 227,737 shares of the company's stock valued at $1,649,000 after buying an additional 113,912 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.
FS Credit Opportunities Company Profile
(
Get Free Report)
FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.
Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.
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