Apollon Wealth Management LLC Sells 219,189 Shares of FS Credit Opportunities Corp. $FSCO

Apollon Wealth Management LLC reduced its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 81.7% in the first quarter, Holdings Channel reports. The firm owned 49,064 shares of the company’s stock after selling 219,189 shares during the period. Apollon Wealth Management LLC’s holdings in FS Credit Opportunities were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FSCO. Focus Partners Wealth raised its position in FS Credit Opportunities by 5.0% during the 1st quarter. Focus Partners Wealth now owns 80,960 shares of the company’s stock valued at $571,000 after purchasing an additional 3,839 shares in the last quarter. Invesco Ltd. raised its holdings in shares of FS Credit Opportunities by 40.5% in the 2nd quarter. Invesco Ltd. now owns 309,787 shares of the company’s stock valued at $2,249,000 after purchasing an additional 89,368 shares in the last quarter. First Trust Advisors LP lifted its position in shares of FS Credit Opportunities by 1.6% in the 2nd quarter. First Trust Advisors LP now owns 411,026 shares of the company’s stock worth $2,984,000 after purchasing an additional 6,603 shares during the period. Baird Financial Group Inc. bought a new position in shares of FS Credit Opportunities during the second quarter valued at approximately $647,000. Finally, Raymond James Financial Inc. boosted its stake in shares of FS Credit Opportunities by 6.8% during the second quarter. Raymond James Financial Inc. now owns 528,526 shares of the company’s stock valued at $3,837,000 after purchasing an additional 33,478 shares in the last quarter. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $4.91 on Wednesday. FS Credit Opportunities Corp. has a 52-week low of $4.13 and a 52-week high of $7.65. The company’s 50 day moving average is $4.98 and its 200 day moving average is $5.39.

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

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.0583 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 14.3%.

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.