FS Credit Opportunities (NYSE:FSCO) Reaches New 12-Month High – Here’s What Happened

FS Credit Opportunities Corp. (NYSE:FSCO) reached a new 52-week high during trading on Thursday . The stock traded as high as $7.14 and last traded at $7.14, with a volume of 331130 shares trading hands. The stock had previously closed at $7.07.

FS Credit Opportunities Stock Performance

The company’s 50-day moving average price is $6.94 and its 200 day moving average price is $6.70.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 10.85%. The ex-dividend date is Monday, March 24th.

Insider Buying and Selling

In other news, Director Keith Bethel bought 5,000 shares of FS Credit Opportunities stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, with a total value of $34,800.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $139,200. The trade was a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSCO. LPL Financial LLC boosted its stake in FS Credit Opportunities by 0.8% in the 4th quarter. LPL Financial LLC now owns 2,710,617 shares of the company’s stock worth $18,486,000 after purchasing an additional 22,441 shares during the period. Avantax Advisory Services Inc. boosted its stake in FS Credit Opportunities by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,944,373 shares of the company’s stock worth $13,261,000 after purchasing an additional 18,020 shares during the period. Vista Finance LLC boosted its stake in FS Credit Opportunities by 2.0% in the 4th quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after purchasing an additional 34,190 shares during the period. Blackstone Inc. bought a new position in FS Credit Opportunities in the 4th quarter worth approximately $11,341,000. Finally, Ellis Investment Partners LLC boosted its stake in FS Credit Opportunities by 1.7% in the 4th quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after purchasing an additional 13,624 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

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.