Nwam LLC Takes $66,000 Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Nwam LLC bought a new position in FS Credit Opportunities Corp. (NYSE:FSCO) in the third quarter, according to its most recent filing with the SEC. The firm bought 10,342 shares of the company’s stock, valued at approximately $66,000.

Several other large investors also recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. acquired a new stake in shares of FS Credit Opportunities during the first quarter worth $65,000. Investmark Advisory Group LLC lifted its position in FS Credit Opportunities by 14.1% during the 1st quarter. Investmark Advisory Group LLC now owns 140,942 shares of the company’s stock worth $836,000 after acquiring an additional 17,393 shares during the period. Cetera Investment Advisers grew its stake in FS Credit Opportunities by 2,693.8% during the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after purchasing an additional 2,941,488 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of FS Credit Opportunities by 2.3% in the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock valued at $7,673,000 after purchasing an additional 28,563 shares during the period. Finally, Marcum Wealth LLC raised its stake in shares of FS Credit Opportunities by 9.2% in the second quarter. Marcum Wealth LLC now owns 54,106 shares of the company’s stock worth $345,000 after purchasing an additional 4,548 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Up 1.5 %

Shares of NYSE FSCO opened at $6.64 on Wednesday. FS Credit Opportunities Corp. has a 52 week low of $5.47 and a 52 week high of $6.75. The business’s 50 day moving average price is $6.55 and its 200 day moving average price is $6.39.

FS Credit Opportunities Announces Dividend

The firm 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 is Thursday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 10.84%.

Insider Activity at FS Credit Opportunities

In related news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the completion of the transaction, the chief executive officer now directly owns 116,297 shares in the company, valued at approximately $715,226.55. This trade represents a 65.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

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.