FS Credit Opportunities (NYSE:FSCO) Hits New 12-Month High Following Dividend Announcement

FS Credit Opportunities Corp. (NYSE:FSCO)’s share price hit a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as $7.22 and last traded at $7.14, with a volume of 914951 shares trading hands. The stock had previously closed at $7.09.

The newly announced dividend which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date of this dividend is Thursday, May 22nd.

FS Credit Opportunities Price Performance

The stock has a 50 day moving average of $6.80 and a 200 day moving average of $6.79.

Hedge Funds Weigh In On FS Credit Opportunities

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in FS Credit Opportunities by 689.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock worth $679,000 after buying an additional 93,363 shares in the last quarter. PSI Advisors LLC boosted its stake in shares of FS Credit Opportunities by 118.5% in the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after purchasing an additional 4,146 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of FS Credit Opportunities in the 4th quarter valued at $82,000. Koshinski Asset Management Inc. bought a new position in shares of FS Credit Opportunities during the 4th quarter valued at $101,000. Finally, Atomi Financial Group Inc. raised its position in FS Credit Opportunities by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 69,149 shares of the company’s stock worth $472,000 after purchasing an additional 4,192 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

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.