PSI Advisors LLC Buys 4,146 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

PSI Advisors LLC increased its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 118.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,646 shares of the company’s stock after purchasing an additional 4,146 shares during the period. PSI Advisors LLC’s holdings in FS Credit Opportunities were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of FS Credit Opportunities during the 3rd quarter valued at about $52,000. Nwam LLC purchased a new position in shares of FS Credit Opportunities in the third quarter worth approximately $66,000. Compass Ion Advisors LLC bought a new stake in FS Credit Opportunities during the third quarter valued at approximately $81,000. Ironwood Financial llc purchased a new stake in FS Credit Opportunities during the third quarter valued at approximately $89,000. Finally, Stewardship Advisors LLC bought a new position in FS Credit Opportunities in the third quarter worth approximately $89,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $6.92 on Wednesday. FS Credit Opportunities Corp. has a 1 year low of $5.57 and a 1 year high of $6.98. The firm has a fifty day moving average price of $6.68 and a 200-day moving average price of $6.49.

FS Credit Opportunities Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.0645 dividend. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.77 dividend on an annualized basis and a yield of 11.18%.

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.