Castleview Partners LLC Has $2.20 Million Stake in FS Credit Opportunities Corp. $FSCO

Castleview Partners LLC grew its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 47.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,855 shares of the company’s stock after purchasing an additional 138,677 shares during the quarter. FS Credit Opportunities comprises about 1.1% of Castleview Partners LLC’s portfolio, making the stock its 18th biggest position. Castleview Partners LLC’s holdings in FS Credit Opportunities were worth $2,202,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in FS Credit Opportunities in the first quarter worth approximately $240,000. Kestra Advisory Services LLC increased its holdings in shares of FS Credit Opportunities by 4.8% during the first quarter. Kestra Advisory Services LLC now owns 478,018 shares of the company’s stock valued at $2,438,000 after acquiring an additional 21,734 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of FS Credit Opportunities during the first quarter valued at approximately $60,000. Tcfg Wealth Management LLC acquired a new position in shares of FS Credit Opportunities during the first quarter worth approximately $87,000. Finally, Wagner Wealth Management LLC raised its position in shares of FS Credit Opportunities by 781.3% during the first quarter. Wagner Wealth Management LLC now owns 3,474,655 shares of the company’s stock worth $17,721,000 after purchasing an additional 3,080,389 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FSCO traded up $0.04 during trading hours on Friday, reaching $4.88. The stock had a trading volume of 595,352 shares, compared to its average volume of 1,542,149. FS Credit Opportunities Corp. has a 12 month low of $4.13 and a 12 month high of $7.65. The firm has a 50-day simple moving average of $4.97 and a 200 day simple moving average of $5.37.

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

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.0583 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Friday, July 24th.

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.