FS Credit Opportunities (NYSE:FSCO) Sets New 52-Week Low – Here’s What Happened

FS Credit Opportunities Corp. (NYSE:FSCO)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $4.82 and last traded at $4.9250, with a volume of 643715 shares changing hands. The stock had previously closed at $4.98.

FS Credit Opportunities Stock Performance

The firm’s 50 day moving average is $6.05 and its 200-day moving average is $6.51.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.0678 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 16.0%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in FS Credit Opportunities during the third quarter worth $38,000. Advocate Investing Services LLC acquired a new position in FS Credit Opportunities in the fourth quarter valued at about $43,000. Jessup Wealth Management Inc purchased a new position in FS Credit Opportunities during the fourth quarter worth about $50,000. Larson Financial Group LLC increased its position in shares of FS Credit Opportunities by 73.1% during the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock valued at $51,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of FS Credit Opportunities by 50.6% in the 4th quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock valued at $60,000 after acquiring an additional 3,219 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.

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.