Moors & Cabot Inc. Acquires 4,798 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Moors & Cabot Inc. grew its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,417 shares of the company’s stock after buying an additional 4,798 shares during the quarter. Moors & Cabot Inc.’s holdings in FS Credit Opportunities were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Naviter Wealth LLC bought a new position in shares of FS Credit Opportunities during the fourth quarter valued at approximately $157,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of FS Credit Opportunities by 101.8% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 32,622 shares of the company’s stock valued at $222,000 after buying an additional 16,460 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of FS Credit Opportunities during the fourth quarter valued at approximately $3,128,000. Bravias Capital Group LLC purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $73,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $3,255,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Up 0.9 %

Shares of NYSE FSCO opened at $6.97 on Monday. The stock has a 50 day moving average price of $6.93 and a 200 day moving average price of $6.69. FS Credit Opportunities Corp. has a 52-week low of $5.66 and a 52-week high of $7.12.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.0645 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.11%.

Insider Activity at FS Credit Opportunities

In other news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

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.