FS Credit Opportunities (NYSE:FSCO) Reaches New 12-Month High – Here’s What Happened

Shares of FS Credit Opportunities Corp. (NYSE:FSCO) reached a new 52-week high on Thursday . The stock traded as high as $7.14 and last traded at $7.14, with a volume of 331130 shares. The stock had previously closed at $7.07.

FS Credit Opportunities Stock Up 0.9 %

The company has a 50 day simple moving average of $6.94 and a two-hundred day simple moving average of $6.70.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a dividend of $0.0645 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 10.85%.

Insider Activity

In other news, Director Keith Bethel bought 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased 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 of the company’s stock, valued at $139,200. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of FS Credit Opportunities by 0.8% during the 4th quarter. LPL Financial LLC now owns 2,710,617 shares of the company’s stock valued at $18,486,000 after acquiring an additional 22,441 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in FS Credit Opportunities by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,944,373 shares of the company’s stock worth $13,261,000 after buying an additional 18,020 shares during the last quarter. Vista Finance LLC lifted its position in FS Credit Opportunities by 2.0% in the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after buying an additional 34,190 shares during the last quarter. Blackstone Inc. bought a new stake in FS Credit Opportunities in the fourth quarter worth $11,341,000. Finally, Ellis Investment Partners LLC lifted its position in FS Credit Opportunities by 1.7% in the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after buying an additional 13,624 shares during the last quarter. 36.37% of the stock is currently owned by institutional investors.

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.