FS Credit Opportunities (NYSE:FSCO) Sets New 1-Year Low – Time to Sell?

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.17 and last traded at $5.1620, with a volume of 1859906 shares. The stock had previously closed at $5.58.

FS Credit Opportunities Stock Down 6.4%

The business has a fifty day moving average of $6.14 and a 200 day moving average of $6.59.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.0678 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 15.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new position in FS Credit Opportunities during the third quarter worth $38,000. Advocate Investing Services LLC acquired a new position in FS Credit Opportunities during the fourth quarter valued at approximately $43,000. Jessup Wealth Management Inc bought a new position in FS Credit Opportunities in the fourth quarter valued at approximately $50,000. Larson Financial Group LLC increased its position in shares of FS Credit Opportunities by 73.1% during the 4th quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of FS Credit Opportunities by 50.6% during the 4th quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock worth $60,000 after purchasing an additional 3,219 shares in the last quarter. 36.37% of the stock is currently 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.