Noble Wealth Management PBC Has $2.52 Million Stock Holdings in FS Credit Opportunities Corp. $FSCO

Noble Wealth Management PBC raised its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 165.8% in the 4th quarter, HoldingsChannel reports. The firm owned 399,230 shares of the company’s stock after acquiring an additional 249,041 shares during the quarter. FS Credit Opportunities makes up 1.3% of Noble Wealth Management PBC’s portfolio, making the stock its 22nd biggest position. Noble Wealth Management PBC’s holdings in FS Credit Opportunities were worth $2,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of 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 buying an additional 78,942 shares during the period. Vista Finance LLC raised its stake in FS Credit Opportunities by 5.6% during the 3rd quarter. Vista Finance LLC now owns 2,170,009 shares of the company’s stock worth $14,995,000 after buying an additional 115,286 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in FS Credit Opportunities by 2.9% in the second quarter. Rockefeller Capital Management L.P. now owns 1,292,277 shares of the company’s stock worth $9,382,000 after acquiring an additional 36,521 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in FS Credit Opportunities by 7.3% in the second quarter. Osaic Holdings Inc. now owns 1,235,949 shares of the company’s stock worth $8,973,000 after acquiring an additional 83,824 shares in the last quarter. Finally, Ellis Investment Partners LLC grew its stake in FS Credit Opportunities by 2.0% in the third quarter. Ellis Investment Partners LLC now owns 846,750 shares of the company’s stock valued at $5,851,000 after acquiring an additional 16,841 shares during the period. Institutional investors own 36.37% of the company’s stock.

Insider Buying and Selling

In other FS Credit Opportunities news, insider Michael C. Forman purchased 38,549 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of $5.20 per share, for a total transaction of $200,454.80. Following the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 44,049 shares of company stock worth $231,215. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities Stock Performance

NYSE FSCO opened at $5.05 on Friday. FS Credit Opportunities Corp. has a 52 week low of $4.13 and a 52 week high of $7.65. The business has a 50 day moving average price of $5.68 and a 200-day moving average price of $6.28.

FS Credit Opportunities Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a $0.0583 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a yield of 13.9%.

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.