Advisors Asset Management Inc. Acquires 304,902 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Advisors Asset Management Inc. lifted its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 146.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,008 shares of the company’s stock after acquiring an additional 304,902 shares during the quarter. Advisors Asset Management Inc.’s holdings in FS Credit Opportunities were worth $3,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FSCO. Oppenheimer & Co. Inc. raised its holdings in shares of FS Credit Opportunities by 19.0% in the third quarter. Oppenheimer & Co. Inc. now owns 48,205 shares of the company’s stock valued at $306,000 after acquiring an additional 7,705 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of FS Credit Opportunities by 12.0% in the third quarter. Moors & Cabot Inc. now owns 29,619 shares of the company’s stock valued at $188,000 after acquiring an additional 3,163 shares in the last quarter. Steele Capital Management Inc. raised its holdings in shares of FS Credit Opportunities by 64.0% in the third quarter. Steele Capital Management Inc. now owns 41,000 shares of the company’s stock valued at $260,000 after acquiring an additional 16,000 shares in the last quarter. Concorde Asset Management LLC raised its holdings in shares of FS Credit Opportunities by 29.6% in the third quarter. Concorde Asset Management LLC now owns 127,089 shares of the company’s stock valued at $807,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Nwam LLC bought a new stake in shares of FS Credit Opportunities in the third quarter valued at about $66,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Stock Performance

FSCO stock opened at $7.15 on Friday. The business has a 50-day moving average price of $6.95 and a 200 day moving average price of $6.71. FS Credit Opportunities Corp. has a 1-year low of $5.66 and a 1-year high of $7.17.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be issued a $0.0645 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.83%.

Insiders Place Their Bets

In other news, Director Keith Bethel bought 5,000 shares of FS Credit Opportunities stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $139,200. This trade represents a 33.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Profile

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.