Atomi Financial Group Inc. purchased a new stake in FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 64,957 shares of the company’s stock, valued at approximately $412,000.
A number of other institutional investors have also recently added to or reduced their stakes in FSCO. Nomura Holdings Inc. boosted its stake in FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after purchasing an additional 6,208,428 shares during the last quarter. Cetera Investment Advisers boosted 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 worth $18,091,000 after purchasing an additional 2,941,488 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in FS Credit Opportunities by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after purchasing an additional 64,734 shares during the last quarter. Vista Finance LLC boosted its stake in FS Credit Opportunities by 865.7% during the 2nd quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock worth $10,255,000 after purchasing an additional 1,443,169 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in FS Credit Opportunities by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock worth $7,673,000 after purchasing an additional 28,563 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.
Insider Activity
In other news, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the transaction, the chief executive officer now owns 116,297 shares of the company’s stock, valued at approximately $715,226.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael C. Forman sold 102,860 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total transaction of $628,474.60. Following the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the transaction, the chief executive officer now directly owns 116,297 shares in the company, valued at approximately $715,226.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
FS Credit Opportunities Stock Down 0.2 %
FS Credit Opportunities Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.72 annualized dividend and a dividend yield of 10.80%.
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.
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