Steele Capital Management Inc. Increases Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Steele Capital Management Inc. raised its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 9.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. Steele Capital Management Inc.’s holdings in FS Credit Opportunities were worth $423,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blackstone Inc. purchased a new position in FS Credit Opportunities during the 4th quarter valued at about $11,341,000. Invesco Ltd. purchased a new position in FS Credit Opportunities during the 4th quarter valued at about $1,363,000. Sanctuary Advisors LLC grew its holdings in FS Credit Opportunities by 87.4% during the 4th quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company’s stock valued at $1,063,000 after buying an additional 72,144 shares in the last quarter. Noble Wealth Management PBC purchased a new position in FS Credit Opportunities during the 4th quarter valued at about $3,255,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in FS Credit Opportunities by 729.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company’s stock valued at $765,000 after buying an additional 98,691 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Down 0.3%

FSCO stock opened at $7.23 on Friday. FS Credit Opportunities Corp. has a twelve month low of $5.29 and a twelve month high of $7.33. The stock has a 50-day simple moving average of $6.90 and a two-hundred day simple moving average of $6.87.

FS Credit Opportunities Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.0678 per share. This represents a yield of 10.2%. The ex-dividend date is Monday, June 23rd.

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.