Newbridge Financial Services Group Inc. Invests $1.32 Million in FS Credit Opportunities Corp. $FSCO

Newbridge Financial Services Group Inc. purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 181,987 shares of the company’s stock, valued at approximately $1,321,000. Newbridge Financial Services Group Inc. owned about 0.09% of FS Credit Opportunities as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSCO. Signal Advisors Wealth LLC bought a new stake in shares of FS Credit Opportunities in the 2nd quarter worth approximately $507,000. Advisors Asset Management Inc. lifted its stake in FS Credit Opportunities by 15.1% in the second quarter. Advisors Asset Management Inc. now owns 708,043 shares of the company’s stock worth $5,140,000 after acquiring an additional 92,641 shares during the period. Vista Finance LLC boosted its holdings in FS Credit Opportunities by 5.1% in the second quarter. Vista Finance LLC now owns 2,054,723 shares of the company’s stock valued at $14,917,000 after acquiring an additional 98,911 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in FS Credit Opportunities by 100.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 227,737 shares of the company’s stock valued at $1,649,000 after purchasing an additional 113,912 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in FS Credit Opportunities in the 2nd quarter worth $352,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Down 1.0%

NYSE:FSCO opened at $6.23 on Friday. FS Credit Opportunities Corp. has a 12 month low of $5.29 and a 12 month high of $7.65. The company has a 50-day moving average price of $6.44 and a 200-day moving average price of $6.98.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.0678 per share. The ex-dividend date was Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%.

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.