Insider Buying: FS Credit Opportunities Corp. (NYSE:FSCO) Director Buys 2,840 Shares of Stock

FS Credit Opportunities Corp. (NYSE:FSCO) Director Della Clark acquired 2,840 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average cost of $6.34 per share, with a total value of $18,005.60. Following the transaction, the director now directly owns 8,368 shares of the company’s stock, valued at approximately $53,053.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FS Credit Opportunities Trading Up 1.3 %

FSCO traded up $0.08 on Monday, hitting $6.35. 390,548 shares of the stock traded hands, compared to its average volume of 667,362. The business has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $6.17. FS Credit Opportunities Corp. has a 52 week low of $5.07 and a 52 week high of $6.64.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be given a $0.06 dividend. The ex-dividend date is Monday, September 23rd. This represents a $0.72 annualized dividend and a yield of 11.34%.

Hedge Funds Weigh In On FS Credit Opportunities

A number of hedge funds and other institutional investors have recently made changes to their positions in FSCO. Orion Portfolio Solutions LLC raised its position in FS Credit Opportunities by 29.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 89,724 shares of the company’s stock worth $501,000 after purchasing an additional 20,600 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in FS Credit Opportunities during the 4th quarter worth about $330,000. Focus Financial Network Inc. ADV acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at $76,000. Quadrature Capital Ltd boosted its stake in FS Credit Opportunities by 500.0% during the 4th quarter. Quadrature Capital Ltd now owns 204,487 shares of the company’s stock worth $1,156,000 after acquiring an additional 170,405 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in FS Credit Opportunities by 1,134.0% in the fourth quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock valued at $38,306,000 after acquiring an additional 6,208,428 shares during the period. 36.37% of the stock is owned by institutional investors.

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.