Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) 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 %
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.
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