FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) Director Keith Bethel purchased 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $4.84 per share, for a total transaction of $12,100.00. Following the purchase, the director owned 25,000 shares in the company, valued at $121,000. This trade represents a 11.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
FS Credit Opportunities Stock Up 2.4%
Shares of FS Credit Opportunities stock opened at $4.91 on Tuesday. The business has a fifty day simple moving average of $5.76 and a two-hundred day simple moving average of $6.32. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65.
FS Credit Opportunities Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a $0.0583 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 14.3%.
Institutional Trading of FS Credit Opportunities
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fund Advisors of America Inc FL bought a new position in FS Credit Opportunities in the 4th quarter valued at about $1,970,000. World Investment Advisors lifted its position in FS Credit Opportunities by 71.2% during the fourth quarter. World Investment Advisors now owns 31,703 shares of the company's stock worth $200,000 after acquiring an additional 13,180 shares during the last quarter. EJMK Ventures LLC bought a new stake in shares of FS Credit Opportunities during the fourth quarter worth approximately $171,000. Amicus Financial Advisors LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at approximately $100,000. Finally, Financially in Tune LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at approximately $109,000. Institutional investors own 36.37% of the company's stock.
About FS Credit Opportunities
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
