Sit Investment Associates Inc. Purchases 210,736 Shares of FS Credit Opportunities Corp. $FSCO

Sit Investment Associates Inc. raised its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,247,090 shares of the company’s stock after buying an additional 210,736 shares during the quarter. Sit Investment Associates Inc. owned about 1.64% of FS Credit Opportunities worth $20,457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Advocate Investing Services LLC bought a new position in shares of FS Credit Opportunities in the 4th quarter worth about $43,000. Jessup Wealth Management Inc purchased a new position in FS Credit Opportunities during the 4th quarter valued at about $50,000. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in FS Credit Opportunities by 50.6% during the fourth quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock worth $60,000 after acquiring an additional 3,219 shares in the last quarter. Finally, Madrid Wealth Management LLC purchased a new stake in FS Credit Opportunities in the fourth quarter worth about $65,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Down 0.1%

Shares of NYSE FSCO opened at $4.96 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $4.13 and a fifty-two week high of $7.65. The company has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.51.

FS Credit Opportunities (NYSE:FSCO) last released its earnings results on Monday, March 2nd. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $57.34 million for the quarter.

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.0583 per share. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.

About FS Credit Opportunities

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.