Noble Wealth Management PBC Buys 138,341 Shares of FS Credit Opportunities Corp. $FSCO

Noble Wealth Management PBC grew its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 27.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 637,478 shares of the company’s stock after acquiring an additional 138,341 shares during the period. FS Credit Opportunities accounts for approximately 1.5% of Noble Wealth Management PBC’s investment portfolio, making the stock its 16th biggest holding. Noble Wealth Management PBC’s holdings in FS Credit Opportunities were worth $3,289,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Rivernorth Capital Management LLC bought a new stake in shares of FS Credit Opportunities during the 1st quarter worth about $20,443,000. Arkadios Wealth Advisors raised its holdings in FS Credit Opportunities by 3,144.4% in the 1st quarter. Arkadios Wealth Advisors now owns 3,563,531 shares of the company’s stock valued at $18,174,000 after acquiring an additional 3,453,693 shares during the period. Wagner Wealth Management LLC lifted its position in FS Credit Opportunities by 781.3% during the first quarter. Wagner Wealth Management LLC now owns 3,474,655 shares of the company’s stock worth $17,721,000 after acquiring an additional 3,080,389 shares during the last quarter. Sit Investment Associates Inc. lifted its position in FS Credit Opportunities by 6.9% during the fourth quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock worth $20,457,000 after acquiring an additional 210,736 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of FS Credit Opportunities by 4.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,295,650 shares of the company’s stock worth $8,163,000 after acquiring an additional 60,398 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO traded down $0.04 during trading hours on Thursday, reaching $5.12. 1,657,531 shares of the stock were exchanged, compared to its average volume of 1,351,035. The stock’s fifty day simple moving average is $5.13 and its 200 day simple moving average is $5.05. FS Credit Opportunities Corp. has a 52 week low of $4.13 and a 52 week high of $7.15.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were given a $0.0594 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date was Wednesday, September 23rd.

About FS Credit Opportunities

FS Credit Opportunities Corp. (NYSE:FSCO) is a closed-end investment company focused on investing in credit-related opportunities. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing across a diversified portfolio of credit instruments.

Its investments may include privately originated loans, corporate debt, high-yield bonds, structured credit, collateralized loan obligations and other fixed-income securities. The portfolio can include both public and private credit investments and may span companies and issuers in the United States and other markets.

FS Credit Opportunities Corp.