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

FS Credit Opportunities Corp. (NYSE:FSCO) hit 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 traded. The stock had previously closed at $6.74.

FS Credit Opportunities Trading Up 1.2 %

The business has a 50-day moving average price of $6.62 and a 200-day moving average price of $6.42.

FS Credit Opportunities Announces Dividend

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

Institutional Investors Weigh In On FS Credit Opportunities

A number of large investors have recently made changes to their positions in FSCO. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of FS Credit Opportunities in the second quarter worth $86,000. Tennessee Valley Asset Management Partners acquired a new stake in FS Credit Opportunities during the 2nd quarter worth about $216,000. Denver Wealth Management Inc. grew its stake in FS Credit Opportunities by 12.6% during the 2nd quarter. Denver Wealth Management Inc. now owns 32,762 shares of the company’s stock valued at $209,000 after acquiring an additional 3,670 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of FS Credit Opportunities by 16.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 48,943 shares of the company’s stock valued at $312,000 after purchasing an additional 6,867 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of FS Credit Opportunities in the second quarter worth approximately $73,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.