FS Credit Opportunities (NYSE:FSCO) Insider Michael Forman Purchases 38,549 Shares

FS Credit Opportunities Corp. (NYSE:FSCO) insider Michael Forman acquired 38,549 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average price of $5.20 per share, for a total transaction of $200,454.80. Following the completion of the acquisition, the insider owned 44,312 shares of the company’s stock, valued at $230,422.40. This trade represents a 668.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FS Credit Opportunities Stock Performance

Shares of FS Credit Opportunities stock traded up $0.27 during trading on Monday, reaching $5.25. The stock had a trading volume of 2,772,605 shares, compared to its average volume of 1,652,484. The stock has a fifty day moving average price of $6.05 and a two-hundred day moving average price of $6.51. FS Credit Opportunities Corp. has a 52 week low of $4.82 and a 52 week high of $7.65.

FS Credit Opportunities Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.0678 per share. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in FS Credit Opportunities in the 3rd quarter valued at about $38,000. Advocate Investing Services LLC acquired a new stake in FS Credit Opportunities during the fourth quarter worth approximately $43,000. Jessup Wealth Management Inc bought a new stake in shares of FS Credit Opportunities during the fourth quarter worth approximately $50,000. Larson Financial Group LLC boosted its holdings in shares of FS Credit Opportunities by 73.1% during the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after acquiring an additional 3,450 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of FS Credit Opportunities by 50.6% in the fourth quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock valued at $60,000 after purchasing an additional 3,219 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.