Sit Investment Associates Inc. Boosts Stock Holdings in FS Credit Opportunities Corp. $FSCO

Sit Investment Associates Inc. grew its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,247,090 shares of the company’s stock after buying an additional 210,736 shares during the period. Sit Investment Associates Inc. owned 1.64% of FS Credit Opportunities worth $20,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSCO. Matisse Capital acquired a new position in FS Credit Opportunities in the fourth quarter valued at $5,657,000. Ellis Investment Partners LLC increased its stake in FS Credit Opportunities by 0.4% during the fourth quarter. Ellis Investment Partners LLC now owns 850,410 shares of the company’s stock worth $5,358,000 after acquiring an additional 3,660 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of FS Credit Opportunities by 25.6% in the 3rd quarter. Raymond James Financial Inc. now owns 663,699 shares of the company’s stock worth $4,586,000 after purchasing an additional 135,173 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of FS Credit Opportunities by 4.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 589,246 shares of the company’s stock valued at $4,072,000 after purchasing an additional 27,610 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of FS Credit Opportunities by 17.0% in the 3rd quarter. First Trust Advisors LP now owns 481,091 shares of the company’s stock valued at $3,324,000 after purchasing an additional 70,065 shares in the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Price Performance

FSCO opened at $4.87 on Friday. The firm has a 50 day moving average price of $5.05 and a 200 day moving average price of $5.56. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65.

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

FS Credit Opportunities Dividend Announcement

The firm also recently declared 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) dividend on an annualized basis and a yield of 14.4%. 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.