FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 7.6% in the 4th quarter, HoldingsChannel reports. The firm owned 12,638,644 shares of the company’s stock after selling 1,035,815 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of FS Credit Opportunities worth $71,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of FSCO. WealthPLAN Partners LLC increased its stake in shares of FS Credit Opportunities by 199.9% during the fourth quarter. WealthPLAN Partners LLC now owns 490,703 shares of the company’s stock worth $2,782,000 after purchasing an additional 327,084 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of 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 valued at $17,266,000 after acquiring an additional 448,199 shares during the last quarter. LPL Financial LLC lifted its position in shares of FS Credit Opportunities by 14.1% in the third quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock valued at $13,659,000 after acquiring an additional 310,763 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in FS Credit Opportunities by 68.3% in the 3rd quarter. Avantax Advisory Services Inc. now owns 697,695 shares of the company’s stock valued at $3,782,000 after purchasing an additional 283,104 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its holdings in shares of FS Credit Opportunities by 149,216.3% during the third quarter. WealthPlan Investment Management LLC now owns 210,536 shares of the company’s stock worth $1,141,000 after buying an additional 210,395 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE:FSCO traded up $0.08 during midday trading on Friday, hitting $6.20. The company’s stock had a trading volume of 615,938 shares, compared to its average volume of 668,177. FS Credit Opportunities Corp. has a 12-month low of $4.19 and a 12-month high of $6.26. The business’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $5.74.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 11.61%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Insider Buying and Selling at FS Credit Opportunities

In other news, Director Keith Bethel acquired 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the transaction, the director now owns 11,500 shares in the company, valued at $66,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara J. Fouss bought 11,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $5.87 per share, with a total value of $64,570.00. Following the completion of the purchase, the director now directly owns 21,130 shares in the company, valued at approximately $124,033.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Bethel purchased 6,500 shares of FS Credit Opportunities stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the purchase, the director now directly owns 11,500 shares in the company, valued at approximately $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is owned by company insiders.

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.