PFG Investments LLC Sells 6,569 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

PFG Investments LLC reduced its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,404 shares of the company’s stock after selling 6,569 shares during the period. PFG Investments LLC’s holdings in FS Credit Opportunities were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSCO. Coppell Advisory Solutions Corp. bought a new position in FS Credit Opportunities in the first quarter worth approximately $65,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of FS Credit Opportunities during the second quarter valued at approximately $73,000. SYM FINANCIAL Corp purchased a new position in shares of FS Credit Opportunities during the second quarter valued at about $76,000. Compass Ion Advisors LLC purchased a new position in FS Credit Opportunities during the 3rd quarter valued at approximately $81,000. Finally, Capital CS Group LLC bought a new stake in FS Credit Opportunities in the second quarter worth $85,000. 36.37% of the stock is owned by institutional investors.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total transaction of $628,474.60. Following the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 on Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at approximately $82,100.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 218,961 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 116,297 shares of the company’s stock, valued at $715,226.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Down 0.2 %

NYSE:FSCO opened at $6.61 on Tuesday. FS Credit Opportunities Corp. has a 1 year low of $5.32 and a 1 year high of $6.75. The business has a 50 day simple moving average of $6.42 and a 200-day simple moving average of $6.30.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend is Thursday, October 24th.

FS Credit Opportunities Company Profile

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.