Geneos Wealth Management Inc. Takes $2.25 Million Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Geneos Wealth Management Inc. bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 330,153 shares of the company’s stock, valued at approximately $2,252,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSCO. Vista Finance LLC grew its stake in FS Credit Opportunities by 4.2% in the third quarter. Vista Finance LLC now owns 1,676,829 shares of the company’s stock valued at $10,648,000 after acquiring an additional 66,961 shares during the period. Ellis Investment Partners LLC lifted its holdings in shares of FS Credit Opportunities by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company’s stock worth $5,074,000 after purchasing an additional 8,447 shares in the last quarter. Private Advisor Group LLC grew its position in FS Credit Opportunities by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 781,108 shares of the company’s stock valued at $4,960,000 after purchasing an additional 10,853 shares during the period. Cornerstone Wealth Management LLC increased its stake in FS Credit Opportunities by 5.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 261,582 shares of the company’s stock valued at $1,784,000 after purchasing an additional 13,862 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in FS Credit Opportunities by 31.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 257,708 shares of the company’s stock worth $1,636,000 after buying an additional 61,103 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Trading Down 1.5 %

Shares of NYSE FSCO opened at $6.96 on Monday. The company has a 50-day moving average price of $6.75 and a 200-day moving average price of $6.53. FS Credit Opportunities Corp. has a 1 year low of $5.61 and a 1 year high of $7.12.

FS Credit Opportunities Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.0645 per share. This is a positive change from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a $0.77 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date of this dividend is Friday, January 24th.

About FS Credit Opportunities

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.