FS Credit Opportunities (NYSE:FSCO) Trading Up 7.4% – Here’s Why

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price was up 7.4% on Tuesday . The company traded as high as $6.36 and last traded at $6.26. Approximately 1,039,908 shares were traded during trading, an increase of 37% from the average daily volume of 760,776 shares. The stock had previously closed at $5.83.

FS Credit Opportunities Trading Up 3.7 %

The firm has a fifty day moving average price of $6.92 and a 200-day moving average price of $6.76.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 12.80%. The ex-dividend date of this dividend was Monday, March 24th.

Insider Activity

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $139,200. This represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of FS Credit Opportunities by 6.3% during the fourth quarter. NewEdge Advisors LLC now owns 25,033 shares of the company’s stock worth $171,000 after buying an additional 1,473 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in FS Credit Opportunities by 1.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company’s stock valued at $695,000 after purchasing an additional 1,827 shares during the last quarter. Marcum Wealth LLC grew its holdings in shares of FS Credit Opportunities by 4.8% during the first quarter. Marcum Wealth LLC now owns 56,711 shares of the company’s stock worth $400,000 after purchasing an additional 2,605 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of FS Credit Opportunities by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock valued at $2,299,000 after buying an additional 2,888 shares during the period. Finally, Stifel Financial Corp raised its holdings in FS Credit Opportunities by 2.3% in the 4th quarter. Stifel Financial Corp now owns 136,449 shares of the company’s stock valued at $931,000 after buying an additional 3,038 shares during the last quarter. Institutional investors own 36.37% of the company’s stock.

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.