FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC reduced its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,033 shares of the company’s stock after selling 4,836 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.07% of FS Credit Opportunities worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSCO. Raymond James & Associates grew its holdings in FS Credit Opportunities by 6.8% in the 4th quarter. Raymond James & Associates now owns 288,932 shares of the company’s stock valued at $1,638,000 after buying an additional 18,519 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in FS Credit Opportunities by 39.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 114,480 shares of the company’s stock worth $649,000 after purchasing an additional 32,117 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of FS Credit Opportunities by 365.9% in the fourth quarter. International Assets Investment Management LLC now owns 71,811 shares of the company’s stock valued at $407,000 after purchasing an additional 56,396 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in FS Credit Opportunities during the fourth quarter worth $584,000. Finally, Cerity Partners LLC acquired a new position in FS Credit Opportunities during the 4th quarter valued at $255,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Barbara J. Fouss bought 6,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $6.40 per share, with a total value of $38,400.00. Following the acquisition, the director now directly owns 27,130 shares in the company, valued at $173,632. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities Stock Up 0.8 %

NYSE FSCO traded up $0.05 during trading on Thursday, reaching $6.23. 233,441 shares of the company traded hands, compared to its average volume of 674,424. FS Credit Opportunities Corp. has a 1-year low of $5.00 and a 1-year high of $6.64. The stock’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.07.

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.72 annualized dividend and a yield of 11.56%.

About FS Credit Opportunities

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.