Stifel Financial Corp Increases Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Stifel Financial Corp raised its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 18.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,411 shares of the company’s stock after purchasing an additional 20,666 shares during the period. Stifel Financial Corp’s holdings in FS Credit Opportunities were worth $847,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its position in shares of FS Credit Opportunities by 10.2% in the third quarter. Quadrature Capital Ltd now owns 46,834 shares of the company’s stock valued at $298,000 after acquiring an additional 4,334 shares during the period. Truvestments Capital LLC purchased a new position in FS Credit Opportunities during the 3rd quarter valued at about $52,000. Independent Advisor Alliance increased its holdings in FS Credit Opportunities by 35.9% during the 3rd quarter. Independent Advisor Alliance now owns 31,361 shares of the company’s stock valued at $199,000 after purchasing an additional 8,285 shares during the period. Nwam LLC bought a new position in FS Credit Opportunities during the 3rd quarter valued at approximately $66,000. Finally, Concorde Asset Management LLC lifted its holdings in FS Credit Opportunities by 29.6% in the 3rd quarter. Concorde Asset Management LLC now owns 127,089 shares of the company’s stock worth $807,000 after buying an additional 29,000 shares during the period. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.6 %

NYSE:FSCO opened at $6.76 on Wednesday. The firm’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $6.45. FS Credit Opportunities Corp. has a twelve month low of $5.47 and a twelve month high of $6.84.

FS Credit Opportunities Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date is Monday, December 23rd.

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.