FS Credit Opportunities (NYSE:FSCO) Director Buys $18,660.00 in Stock

FS Credit Opportunities Corp. (NYSE:FSCO) Director Della Clark bought 3,000 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of $6.22 per share, for a total transaction of $18,660.00. Following the completion of the purchase, the director owned 11,368 shares of the company’s stock, valued at approximately $70,708.96. The trade was a 35.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

FS Credit Opportunities Price Performance

Shares of FSCO traded up $0.06 during trading hours on Wednesday, hitting $6.30. The company had a trading volume of 1,798,417 shares, compared to its average volume of 1,143,325. The firm has a fifty day moving average price of $6.29 and a 200-day moving average price 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 company also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 20th were given a dividend of $0.0678 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.9%.

Hedge Funds Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signal Advisors Wealth LLC bought a new position in shares of FS Credit Opportunities during the second quarter valued at $507,000. Advisors Asset Management Inc. increased its holdings in FS Credit Opportunities by 15.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 708,043 shares of the company’s stock worth $5,140,000 after buying an additional 92,641 shares in the last quarter. Geneos Wealth Management Inc. raised its position in FS Credit Opportunities by 74.9% in the 2nd 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 during the last quarter. Vista Finance LLC lifted its stake in FS Credit Opportunities by 5.1% during the 2nd quarter. Vista Finance LLC now owns 2,054,723 shares of the company’s stock valued at $14,917,000 after acquiring an additional 98,911 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 113,912 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Company Profile

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.