Absolute Investment Advisers LLC Buys 244,740 Shares of FS Credit Opportunities Corp. $FSCO

Absolute Investment Advisers LLC grew its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 78.0% during the first quarter, Holdings Channel reports. The institutional investor owned 558,686 shares of the company’s stock after purchasing an additional 244,740 shares during the quarter. Absolute Investment Advisers LLC’s holdings in FS Credit Opportunities were worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its holdings in shares of FS Credit Opportunities by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock worth $20,457,000 after acquiring an additional 210,736 shares during the period. Thomas J. Herzfeld Advisors Inc. lifted its stake in FS Credit Opportunities by 97.2% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock worth $11,969,000 after purchasing an additional 936,272 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in FS Credit Opportunities by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,295,650 shares of the company’s stock worth $8,163,000 after purchasing an additional 60,398 shares in the last quarter. Matisse Capital bought a new position in FS Credit Opportunities in the 4th quarter valued at $5,657,000. Finally, Ellis Investment Partners LLC increased its stake in FS Credit Opportunities by 0.4% in the 4th quarter. Ellis Investment Partners LLC now owns 850,410 shares of the company’s stock worth $5,358,000 after acquiring an additional 3,660 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO opened at $4.85 on Monday. FS Credit Opportunities Corp. has a 12 month low of $4.13 and a 12 month high of $7.65. The business has a 50-day moving average of $5.01 and a 200-day moving average of $5.45.

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

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.0583 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.