FS Credit Opportunities Corp. (NYSE:FSCO) CEO Michael C. Forman Sells 218,961 Shares of Stock

FS Credit Opportunities Corp. (NYSE:FSCO) CEO Michael C. Forman sold 218,961 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.15, for a total value of $1,346,610.15. Following the transaction, the chief executive officer now owns 116,297 shares in the company, valued at $715,226.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

FS Credit Opportunities Stock Performance

FSCO opened at $6.14 on Tuesday. FS Credit Opportunities Corp. has a 1 year low of $5.00 and a 1 year high of $6.64. The stock’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.13.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend was Friday, August 23rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of FS Credit Opportunities in the 2nd quarter worth $447,000. Creative Planning grew its holdings in shares of FS Credit Opportunities by 2.5% in the second quarter. Creative Planning now owns 117,475 shares of the company’s stock worth $748,000 after acquiring an additional 2,816 shares during the period. Sea Otter Advisors LLC bought a new stake in shares of FS Credit Opportunities in the second quarter worth $382,000. Concorde Asset Management LLC grew its holdings in shares of FS Credit Opportunities by 454.5% in the second quarter. Concorde Asset Management LLC now owns 98,089 shares of the company’s stock worth $625,000 after acquiring an additional 80,400 shares during the period. Finally, WCG Wealth Advisors LLC grew its holdings in shares of FS Credit Opportunities by 14.8% in the second quarter. WCG Wealth Advisors LLC now owns 168,018 shares of the company’s stock worth $1,070,000 after acquiring an additional 21,654 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.

About FS Credit Opportunities

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.