FS Credit Opportunities Corp. (NYSE:FSCO) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 159.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,106 shares of the company’s stock after purchasing an additional 127,815 shares during the quarter. Advisors Asset Management Inc.’s holdings in FS Credit Opportunities were worth $1,321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions Corp. purchased a new position in FS Credit Opportunities in the first quarter valued at approximately $65,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of FS Credit Opportunities in the 2nd quarter valued at $73,000. SYM FINANCIAL Corp acquired a new position in shares of FS Credit Opportunities during the 2nd quarter valued at $76,000. Compass Ion Advisors LLC acquired a new position in shares of FS Credit Opportunities during the 3rd quarter valued at $81,000. Finally, Capital CS Group LLC purchased a new stake in FS Credit Opportunities during the 2nd quarter worth $85,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Price Performance

NYSE:FSCO opened at $6.55 on Tuesday. The business’s 50-day moving average is $6.54 and its two-hundred day moving average is $6.39. FS Credit Opportunities Corp. has a 12 month low of $5.47 and a 12 month high of $6.75.

FS Credit Opportunities Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 10.99%.

Insider Buying and Selling

In other news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities 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 owns 13,437 shares in the company, valued at $82,100.07. This trade represents a 88.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.