Fund Advisors of America Inc FL Takes $1.97 Million Position in FS Credit Opportunities Corp. $FSCO

Fund Advisors of America Inc FL purchased a new position in FS Credit Opportunities Corp. (NYSE:FSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 312,684 shares of the company’s stock, valued at approximately $1,970,000. FS Credit Opportunities accounts for about 1.8% of Fund Advisors of America Inc FL’s holdings, making the stock its 12th largest holding. Fund Advisors of America Inc FL owned 0.16% of FS Credit Opportunities as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC boosted its position in FS Credit Opportunities by 165.8% in the 4th quarter. Noble Wealth Management PBC now owns 399,230 shares of the company’s stock valued at $2,515,000 after buying an additional 249,041 shares during the period. Riverbridge Partners LLC purchased a new stake in FS Credit Opportunities in the 4th quarter valued at about $1,328,000. Absolute Investment Advisers LLC purchased a new stake in FS Credit Opportunities in the 4th quarter valued at about $1,995,000. Matisse Capital purchased a new stake in FS Credit Opportunities in the 4th quarter valued at about $5,657,000. Finally, Diversified Enterprises LLC purchased a new stake in FS Credit Opportunities in the 4th quarter valued at about $831,000. Institutional investors own 36.37% of the company’s stock.

Insiders Place Their Bets

In other FS Credit Opportunities news, insider Michael C. Forman acquired 38,549 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost of $5.20 per share, with a total value of $200,454.80. Following the completion of the purchase, the insider directly owned 44,312 shares in the company, valued at $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

FS Credit Opportunities Price Performance

FS Credit Opportunities stock opened at $5.06 on Friday. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65. The firm has a 50-day moving average of $5.09 and a two-hundred day moving average of $5.70.

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

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.8%.

FS Credit Opportunities Company 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.