Sit Investment Associates Inc. Increases Stock Position in FS Credit Opportunities Corp. $FSCO

Sit Investment Associates Inc. boosted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,247,090 shares of the company’s stock after acquiring an additional 210,736 shares during the quarter. Sit Investment Associates Inc.’s holdings in FS Credit Opportunities were worth $20,457,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FSCO. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of FS Credit Opportunities by 97.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock worth $11,969,000 after purchasing an additional 936,272 shares during the last quarter. Matisse Capital purchased a new stake in shares of FS Credit Opportunities during the fourth quarter valued at $5,657,000. Ellis Investment Partners LLC boosted its position in shares of FS Credit Opportunities by 0.4% during the fourth quarter. Ellis Investment Partners LLC now owns 850,410 shares of the company’s stock valued at $5,358,000 after buying an additional 3,660 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in FS Credit Opportunities by 12.4% in the 4th quarter. Advisors Asset Management Inc. now owns 757,235 shares of the company’s stock worth $4,771,000 after buying an additional 83,831 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in FS Credit Opportunities by 25.6% in the 3rd quarter. Raymond James Financial Inc. now owns 663,699 shares of the company’s stock worth $4,586,000 after buying an additional 135,173 shares in the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

Shares of NYSE:FSCO opened at $4.96 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $4.13 and a fifty-two week high of $7.65. The business has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $5.51.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $57.34 million for the quarter.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.0583 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 14.1%.

About FS Credit Opportunities

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.