Sanctuary Advisors LLC Takes Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Sanctuary Advisors LLC purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 75,944 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in shares of FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after acquiring an additional 2,941,488 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in FS Credit Opportunities by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after buying an additional 64,734 shares in the last quarter. Vista Finance LLC raised its stake in FS Credit Opportunities by 865.7% in the second quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock worth $10,255,000 after buying an additional 1,443,169 shares in the last quarter. Cetera Advisors LLC raised its stake in FS Credit Opportunities by 2.3% in the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock worth $7,673,000 after buying an additional 28,563 shares in the last quarter. Finally, Ellis Investment Partners LLC raised its stake in FS Credit Opportunities by 4.2% in the first quarter. Ellis Investment Partners LLC now owns 797,626 shares of the company’s stock worth $4,730,000 after buying an additional 31,919 shares in the last quarter. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE:FSCO opened at $6.68 on Thursday. FS Credit Opportunities Corp. has a 52 week low of $5.28 and a 52 week high of $6.75. The firm has a 50 day moving average of $6.35 and a 200 day moving average of $6.26.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date is Thursday, October 24th.

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 102,860 shares of the business’s stock in a transaction that occurred on 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 $82,100.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael C. Forman sold 102,860 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction, the chief executive officer now directly owns 116,297 shares in the company, valued at approximately $715,226.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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.