FS Credit Opportunities Corp. (NYSE:FSCO) Position Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,183,502 shares of the company’s stock after selling 1,025,851 shares during the quarter. Commonwealth Equity Services LLC owned approximately 2.97% of FS Credit Opportunities worth $69,451,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $39,000. US Bancorp DE acquired a new stake in FS Credit Opportunities in the 4th quarter valued at approximately $49,000. Truvestments Capital LLC acquired a new stake in FS Credit Opportunities in the 3rd quarter valued at approximately $52,000. PSI Advisors LLC raised its stake in FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after acquiring an additional 4,146 shares in the last quarter. Finally, Nwam LLC acquired a new position in FS Credit Opportunities during the 3rd quarter worth $66,000. 36.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

FS Credit Opportunities Price Performance

Shares of FSCO opened at $6.91 on Friday. FS Credit Opportunities Corp. has a one year low of $5.66 and a one year high of $7.12. The stock’s fifty day moving average is $6.93 and its 200-day moving average is $6.68.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.0645 per share. The ex-dividend date is Monday, March 24th. This represents a $0.77 annualized dividend and a yield of 11.21%.

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.