Osaic Holdings Inc. Raises Holdings in FS Credit Opportunities Corp. $FSCO

Osaic Holdings Inc. raised its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 7.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,235,949 shares of the company’s stock after purchasing an additional 83,824 shares during the period. Osaic Holdings Inc. owned 0.62% of FS Credit Opportunities worth $8,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of FS Credit Opportunities by 4.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 32,952 shares of the company’s stock valued at $239,000 after buying an additional 1,326 shares during the last quarter. Allworth Financial LP raised its holdings in FS Credit Opportunities by 3.0% in the 2nd quarter. Allworth Financial LP now owns 50,691 shares of the company’s stock valued at $368,000 after acquiring an additional 1,500 shares during the last quarter. Capital CS Group LLC raised its holdings in FS Credit Opportunities by 7.0% in the 2nd quarter. Capital CS Group LLC now owns 26,032 shares of the company’s stock valued at $189,000 after acquiring an additional 1,696 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in FS Credit Opportunities by 2.8% in the 2nd quarter. Bleakley Financial Group LLC now owns 62,306 shares of the company’s stock worth $452,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of FS Credit Opportunities by 9.5% during the 1st quarter. Jacobi Capital Management LLC now owns 20,727 shares of the company’s stock worth $146,000 after purchasing an additional 1,791 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

FSCO stock opened at $6.15 on Friday. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.65. The business has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.95.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 20th were issued a dividend of $0.0678 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date was Thursday, November 20th.

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.