FS Credit Opportunities Corp. (NYSE:FSCO) Declares $0.06 Monthly Dividend

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.06 per share on Tuesday, April 30th. This represents a $0.72 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date of this dividend is Monday, April 22nd.

FS Credit Opportunities Trading Up 0.7 %

Shares of FSCO stock opened at $5.95 on Friday. FS Credit Opportunities has a fifty-two week low of $4.14 and a fifty-two week high of $6.04. The business’s 50 day moving average price is $5.81 and its 200-day moving average price is $5.70.

Insider Transactions at FS Credit Opportunities

In related news, Director Barbara J. Fouss acquired 11,000 shares of the stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the acquisition, the director now directly owns 21,130 shares of the company’s stock, valued at approximately $124,033.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other FS Credit Opportunities news, Director Keith Bethel bought 6,500 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the acquisition, the director now owns 11,500 shares of the company’s stock, valued at $66,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara J. Fouss acquired 11,000 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, March 18th. The shares were bought at an average cost of $5.87 per share, with a total value of $64,570.00. Following the transaction, the director now owns 21,130 shares in the company, valued at $124,033.10. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On FS Credit Opportunities

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in shares of FS Credit Opportunities by 54.5% in the second quarter. Sunbelt Securities Inc. now owns 5,616 shares of the company’s stock worth $27,000 after buying an additional 1,980 shares in the last quarter. Armstrong Fleming & Moore Inc purchased a new position in shares of FS Credit Opportunities in the second quarter worth $49,000. Coppell Advisory Solutions LLC bought a new stake in FS Credit Opportunities in the 2nd quarter worth about $55,000. Modern Wealth Management LLC bought a new stake in FS Credit Opportunities in the 4th quarter worth about $87,000. Finally, Tyler Stone Wealth Management purchased a new position in FS Credit Opportunities in the 2nd quarter worth about $82,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Company 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.