FS Credit Opportunities (NYSE:FSCO) Sets New 12-Month High – Here’s What Happened

Shares of FS Credit Opportunities Corp. (NYSE:FSCO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.14 and last traded at $7.14, with a volume of 331130 shares trading hands. The stock had previously closed at $7.07.

FS Credit Opportunities Stock Performance

The stock’s 50 day moving average price is $6.96 and its 200 day moving average price is $6.71.

FS Credit Opportunities Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a $0.0645 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.83%.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, with a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Large investors have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at $39,000. US Bancorp DE bought a new position in FS Credit Opportunities in the fourth quarter valued at approximately $49,000. Truvestments Capital LLC bought a new stake in FS Credit Opportunities during the third quarter worth $52,000. PSI Advisors LLC boosted its holdings 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. Finally, Nwam LLC bought a new stake in shares of FS Credit Opportunities during the 3rd quarter worth $66,000. Institutional investors own 36.37% of the company’s stock.

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.