FS Credit Opportunities Corp. (NYSE:FSCO) CEO Sells $628,474.60 in Stock

FS Credit Opportunities Corp. (NYSE:FSCO) CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at $82,100.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

FS Credit Opportunities Stock Up 0.6 %

FS Credit Opportunities stock traded up $0.04 during mid-day trading on Monday, hitting $6.14. 971,314 shares of the stock were exchanged, compared to its average volume of 678,064. FS Credit Opportunities Corp. has a 12 month low of $5.00 and a 12 month high of $6.64. The firm’s fifty day simple moving average is $6.29 and its two-hundred day simple moving average is $6.13.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date was Friday, August 23rd.

Institutional Investors Weigh In On FS Credit Opportunities

Several large investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. raised its holdings in shares of FS Credit Opportunities by 1,134.0% during the fourth quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock valued at $38,306,000 after purchasing an additional 6,208,428 shares during the period. Cetera Investment Advisers grew its position in FS Credit Opportunities by 2,693.8% in the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after purchasing an additional 2,941,488 shares during the period. Vista Finance LLC raised its holdings in FS Credit Opportunities by 865.7% during the second quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock worth $10,255,000 after buying an additional 1,443,169 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of FS Credit Opportunities by 147.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,728,576 shares of the company’s stock valued at $9,801,000 after buying an additional 1,030,881 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of FS Credit Opportunities by 9.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock valued at $34,656,000 after buying an additional 495,409 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.