Western Wealth Management LLC Decreases Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Western Wealth Management LLC reduced its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 22.6% in the fourth quarter, HoldingsChannel reports. The firm owned 27,709 shares of the company’s stock after selling 8,074 shares during the period. Western Wealth Management LLC’s holdings in FS Credit Opportunities were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSCO. Blue Bell Private Wealth Management LLC increased its position in FS Credit Opportunities by 241.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,478 shares of the company’s stock valued at $51,000 after buying an additional 6,700 shares in the last quarter. Marshall Financial Group LLC acquired a new position in FS Credit Opportunities during the 3rd quarter valued at about $59,000. Tyche Wealth Partners LLC acquired a new position in FS Credit Opportunities during the 4th quarter valued at about $69,000. First Heartland Consultants Inc. acquired a new position in FS Credit Opportunities during the 3rd quarter valued at about $66,000. Finally, Vista Finance LLC acquired a new position in FS Credit Opportunities during the 3rd quarter valued at about $68,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Barbara J. Fouss bought 11,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average cost of $5.87 per share, with a total value of $64,570.00. Following the completion of the acquisition, the director now directly owns 21,130 shares in the company, valued at $124,033.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Keith Bethel bought 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at approximately $66,700. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara J. Fouss bought 11,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the transaction, the director now owns 21,130 shares of the company’s stock, valued at $124,033.10. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Down 0.5 %

Shares of NYSE:FSCO opened at $5.87 on Wednesday. The business’s 50-day moving average is $5.82 and its 200 day moving average is $5.71. FS Credit Opportunities Corp. has a 1 year low of $4.14 and a 1 year high of $6.04.

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date of this dividend is Monday, April 22nd.

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.