Diversified Enterprises LLC Makes New $831,000 Investment in FS Credit Opportunities Corp. $FSCO

Diversified Enterprises LLC purchased a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 131,965 shares of the company’s stock, valued at approximately $831,000.

A number of other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of FS Credit Opportunities in the third quarter worth $38,000. Farther Finance Advisors LLC raised 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 worth $60,000 after buying an additional 3,219 shares in the last quarter. Family Capital Management Inc. bought a new stake in FS Credit Opportunities during the third quarter valued at $79,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in FS Credit Opportunities during the third quarter worth about $81,000. Finally, CoreCap Advisors LLC grew its position in FS Credit Opportunities by 23.3% during the third quarter. CoreCap Advisors LLC now owns 15,477 shares of the company’s stock worth $107,000 after buying an additional 2,924 shares in the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $5.01 on Friday. The stock’s 50-day simple moving average is $5.13 and its two-hundred day simple moving average is $5.90. FS Credit Opportunities Corp. has a twelve month low of $4.13 and a twelve month high of $7.65.

FS Credit Opportunities (NYSE:FSCO) last issued its quarterly 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 business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be given a dividend of $0.0583 per share. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a yield of 14.0%.

Insider Transactions at FS Credit Opportunities

In related news, insider Michael C. Forman purchased 38,549 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of $5.20 per share, with a total value of $200,454.80. Following the purchase, the insider directly owned 44,312 shares in the company, valued at approximately $230,422.40. This represents a 668.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

FS Credit Opportunities 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.