Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $73,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,512 shares of the company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. lifted its position in FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after buying an additional 6,208,428 shares in the last quarter. Cetera Investment Advisers raised its holdings in FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after acquiring an additional 2,941,488 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in FS Credit Opportunities by 147.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,728,576 shares of the company’s stock worth $9,801,000 after acquiring an additional 1,030,881 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in FS Credit Opportunities by 9.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock valued at $34,656,000 after purchasing an additional 495,409 shares during the last quarter. Finally, Choreo LLC bought a new position in FS Credit Opportunities in the first quarter valued at approximately $2,290,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barbara J. Fouss acquired 6,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $6.40 per share, with a total value of $38,400.00. Following the transaction, the director now directly owns 27,130 shares in the company, valued at approximately $173,632. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Down 1.1 %

NYSE:FSCO opened at $6.29 on Friday. FS Credit Opportunities Corp. has a twelve month low of $5.00 and a twelve month high of $6.64. The stock’s 50 day moving average price is $6.33 and its two-hundred day moving average price is $6.10.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend is Friday, August 23rd.

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.