McAdam LLC Buys 2,645 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

McAdam LLC raised its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,209 shares of the company’s stock after purchasing an additional 2,645 shares during the quarter. McAdam LLC’s holdings in FS Credit Opportunities were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Global Assets Advisory LLC purchased a new position in FS Credit Opportunities during the 1st quarter valued at $68,000. Wealthcare Advisory Partners LLC increased its position in FS Credit Opportunities by 12.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 121,157 shares of the company’s stock valued at $718,000 after purchasing an additional 13,488 shares during the period. Capital Asset Advisory Services LLC increased its position in FS Credit Opportunities by 24.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 35,338 shares of the company’s stock valued at $208,000 after purchasing an additional 6,870 shares during the period. Winthrop Advisory Group LLC purchased a new position in FS Credit Opportunities during the 1st quarter valued at $325,000. Finally, Steele Capital Management Inc. increased its position in FS Credit Opportunities by 25.0% during the 1st quarter. Steele Capital Management Inc. now owns 25,000 shares of the company’s stock valued at $148,000 after purchasing an additional 5,000 shares during the period. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock opened at $6.62 on Friday. The company’s fifty day simple moving average is $6.41 and its two-hundred day simple moving average is $6.29. FS Credit Opportunities Corp. has a 12-month low of $5.28 and a 12-month high of $6.75.

FS Credit Opportunities Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date of this dividend is Thursday, October 24th.

Insider Transactions at FS Credit Opportunities

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

FS Credit Opportunities 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.