Sea Otter Advisors LLC Purchases New Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Sea Otter Advisors LLC acquired a new position in FS Credit Opportunities Corp. (NYSE:FSCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 60,000 shares of the company’s stock, valued at approximately $382,000. FS Credit Opportunities accounts for approximately 2.7% of Sea Otter Advisors LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSCO. Mather Group LLC. acquired a new position in shares of FS Credit Opportunities in the 1st quarter valued at $31,000. ICA Group Wealth Management LLC bought a new position in FS Credit Opportunities during the fourth quarter worth about $35,000. Gerber LLC bought a new position in FS Credit Opportunities during the fourth quarter worth about $57,000. Coppell Advisory Solutions Corp. acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth about $65,000. Finally, Global Assets Advisory LLC bought a new stake in shares of FS Credit Opportunities in the 1st quarter valued at about $68,000. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.39 on Friday. FS Credit Opportunities Corp. has a 52-week low of $5.14 and a 52-week high of $6.64. The firm has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.18.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.72 annualized dividend and a yield of 11.27%.

Insider Buying and Selling at FS Credit Opportunities

In related news, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 116,297 shares of the company’s stock, valued at approximately $715,226.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction dated Friday, September 6th. The stock was 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 of the company’s stock, valued at approximately $715,226.55. The disclosure for this sale can be found here. Insiders own 0.26% 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.