Maridea Wealth Management LLC Buys Shares of 70,920 FS Credit Opportunities Corp. (NYSE:FSCO)

Maridea Wealth Management LLC purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 70,920 shares of the company’s stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management purchased a new stake in FS Credit Opportunities in the 4th quarter valued at about $39,000. US Bancorp DE acquired a new stake in shares of FS Credit Opportunities in the fourth quarter worth approximately $49,000. PSI Advisors LLC grew its holdings in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after purchasing an additional 4,146 shares during the period. Bravias Capital Group LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth approximately $73,000. Finally, Park Avenue Securities LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth approximately $82,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Up 0.5 %

Shares of FS Credit Opportunities stock opened at $7.07 on Friday. The business’s fifty day moving average price is $6.97 and its 200 day moving average price is $6.74. FS Credit Opportunities Corp. has a twelve month low of $5.66 and a twelve month high of $7.16.

FS Credit Opportunities Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 annualized dividend and a yield of 10.96%.

Insider Buying and Selling at FS Credit Opportunities

In other news, Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction dated 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 purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.