FS Credit Opportunities (NYSE:FSCO) Director Keith Bethel Purchases 2,500 Shares

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel acquired 2,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $4.84 per share, for a total transaction of $12,100.00. Following the completion of the acquisition, the director owned 25,000 shares of the company’s stock, valued at approximately $121,000. This represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

FS Credit Opportunities Stock Up 2.4%

Shares of FSCO stock traded up $0.12 on Monday, reaching $4.91. 1,599,195 shares of the company were exchanged, compared to its average volume of 2,169,435. The business has a 50-day moving average price of $5.76 and a 200 day moving average price of $6.32. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65.

FS Credit Opportunities Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a $0.0583 dividend. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date is Tuesday, March 24th.

Hedge Funds Weigh In On FS Credit Opportunities

A number of hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its position in shares of FS Credit Opportunities by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock valued at $20,457,000 after acquiring an additional 210,736 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in FS Credit Opportunities by 2.5% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,223,806 shares of the company’s stock valued at $23,405,000 after purchasing an additional 78,942 shares during the last quarter. Vista Finance LLC raised its stake in FS Credit Opportunities by 5.6% in the 3rd quarter. Vista Finance LLC now owns 2,170,009 shares of the company’s stock valued at $14,995,000 after purchasing an additional 115,286 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in FS Credit Opportunities by 2.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,292,277 shares of the company’s stock valued at $9,382,000 after purchasing an additional 36,521 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in FS Credit Opportunities by 7.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,235,949 shares of the company’s stock worth $8,973,000 after purchasing an additional 83,824 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.