Summit Wealth Group LLC Co. Has $1.16 Million Stake in FS Credit Opportunities Corp. $FSCO

Summit Wealth Group LLC Co. lifted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 1,145.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,779 shares of the company’s stock after buying an additional 169,022 shares during the quarter. Summit Wealth Group LLC Co. owned about 0.09% of FS Credit Opportunities worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Maridea Wealth Management LLC grew its position in shares of FS Credit Opportunities by 2.2% during the 4th quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock worth $472,000 after buying an additional 1,581 shares during the period. Moors & Cabot Inc. grew its holdings in FS Credit Opportunities by 4.4% during the third quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock valued at $280,000 after purchasing an additional 1,720 shares during the period. Private Advisor Group LLC grew its holdings in FS Credit Opportunities by 0.7% during the third quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock valued at $1,710,000 after purchasing an additional 1,829 shares during the period. Certior Financial Group LLC grew its holdings in FS Credit Opportunities by 0.7% during the fourth quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock valued at $1,825,000 after purchasing an additional 1,965 shares during the period. Finally, Centerpoint Advisory Group grew its holdings in FS Credit Opportunities by 3.7% during the fourth quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock valued at $391,000 after purchasing an additional 2,198 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $5.10 on Wednesday. The firm has a 50 day moving average price of $5.06 and a 200 day moving average price of $5.78. FS Credit Opportunities Corp. has a 52-week low of $4.13 and a 52-week high of $7.65.

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

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.0583 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.7%.

Insider Transactions at FS Credit Opportunities

In other news, insider Michael C. Forman acquired 38,549 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was purchased at an average price of $5.20 per share, for a total transaction of $200,454.80. Following the completion of the acquisition, the insider owned 44,312 shares in the company, valued at $230,422.40. This trade represents a 668.91% 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. Corporate insiders own 0.27% of the company’s stock.

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.