Axxcess Wealth Management LLC Reduces Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Axxcess Wealth Management LLC decreased its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,860 shares of the company’s stock after selling 42,806 shares during the period. Axxcess Wealth Management LLC owned 0.06% of FS Credit Opportunities worth $675,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FSCO. Nomura Holdings Inc. increased its stake in FS Credit Opportunities by 1,134.0% in the fourth quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock valued at $38,306,000 after purchasing an additional 6,208,428 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of FS Credit Opportunities by 147.8% during the 4th 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 during the period. Cambridge Investment Research Advisors Inc. grew its holdings in FS Credit Opportunities by 9.3% in 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 period. Wagner Wealth Management LLC raised its stake in FS Credit Opportunities by 17.3% during the fourth quarter. Wagner Wealth Management LLC now owns 3,045,132 shares of the company’s stock worth $17,266,000 after purchasing an additional 448,199 shares during the period. Finally, Choreo LLC acquired a new position in shares of FS Credit Opportunities in the 1st quarter valued at $2,290,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Price Performance

FSCO stock traded up $0.09 during trading on Friday, reaching $6.29. 623,271 shares of the stock traded hands, compared to its average volume of 655,027. The business’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.02. FS Credit Opportunities Corp. has a 52-week low of $4.98 and a 52-week high of $6.64.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date of this dividend is Wednesday, July 24th.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, Director Barbara J. Fouss bought 6,000 shares of FS Credit Opportunities stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $6.40 per share, for a total transaction of $38,400.00. Following the acquisition, the director now owns 27,130 shares of the company’s stock, valued at approximately $173,632. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by insiders.

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.