FS Credit Opportunities (NYSE:FSCO) Reaches New 12-Month High – Should You Buy?

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $6.81 and last traded at $6.79, with a volume of 522354 shares changing hands. The stock had previously closed at $6.74.

FS Credit Opportunities Price Performance

The stock’s fifty day moving average is $6.62 and its two-hundred day moving average is $6.42.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.78%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSCO. Advisors Asset Management Inc. grew its holdings in FS Credit Opportunities by 159.2% during the third quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock worth $1,321,000 after acquiring an additional 127,815 shares during the period. Concorde Asset Management LLC grew its stake in shares of FS Credit Opportunities by 454.5% in the 2nd quarter. Concorde Asset Management LLC now owns 98,089 shares of the company’s stock worth $625,000 after purchasing an additional 80,400 shares during the last quarter. Vista Finance LLC raised its holdings in shares of FS Credit Opportunities by 865.7% in the 2nd quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock worth $10,255,000 after purchasing an additional 1,443,169 shares in the last quarter. Private Advisor Group LLC lifted its stake in FS Credit Opportunities by 165.9% during the second quarter. Private Advisor Group LLC now owns 770,255 shares of the company’s stock valued at $4,907,000 after purchasing an additional 480,537 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in FS Credit Opportunities by 32.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 196,605 shares of the company’s stock worth $1,252,000 after buying an additional 48,182 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Company 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.