FS Credit Opportunities (NYSE:FSCO) Sets New 1-Year Low – What’s Next?

FS Credit Opportunities Corp. (NYSE:FSCO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.29 and last traded at $5.56, with a volume of 1738147 shares. The stock had previously closed at $6.08.

FS Credit Opportunities Price Performance

The company’s fifty day moving average is $6.95 and its two-hundred day moving average is $6.76.

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were issued a $0.0645 dividend. The ex-dividend date was Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 13.22%.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their position. 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FSCO. Quadrature Capital Ltd boosted its holdings in FS Credit Opportunities by 10.2% in the 3rd quarter. Quadrature Capital Ltd now owns 46,834 shares of the company’s stock valued at $298,000 after purchasing an additional 4,334 shares in the last quarter. Stifel Financial Corp boosted its holdings in FS Credit Opportunities by 18.3% during the third quarter. Stifel Financial Corp now owns 133,411 shares of the company’s stock worth $847,000 after buying an additional 20,666 shares in the last quarter. Jane Street Group LLC increased its holdings in FS Credit Opportunities by 71.1% in the third quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock valued at $154,000 after buying an additional 10,103 shares in the last quarter. Virtue Capital Management LLC lifted its position in shares of FS Credit Opportunities by 18.9% during the 3rd quarter. Virtue Capital Management LLC now owns 41,709 shares of the company’s stock valued at $265,000 after acquiring an additional 6,626 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of FS Credit Opportunities by 8.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,543 shares of the company’s stock worth $537,000 after acquiring an additional 6,599 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

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.