Transce3nd LLC Trims Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Transce3nd LLC reduced its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 77.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,323 shares of the company’s stock after selling 109,470 shares during the quarter. Transce3nd LLC’s holdings in FS Credit Opportunities were worth $221,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Private Portfolio Partners LLC purchased a new position in FS Credit Opportunities during the fourth quarter valued at approximately $72,000. Curran Financial Partners LLC acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $78,000. Global Assets Advisory LLC acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $77,000. Freestate Advisors LLC acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $85,000. Finally, Sunbelt Securities Inc. raised its stake in shares of FS Credit Opportunities by 101.4% during the 4th quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company’s stock worth $88,000 after buying an additional 6,617 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Up 0.2%

Shares of FSCO stock opened at $7.23 on Friday. The stock has a 50 day simple moving average of $7.17 and a 200-day simple moving average of $6.96. FS Credit Opportunities Corp. has a 1-year low of $5.29 and a 1-year high of $7.35.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.0678 per share. This represents a $0.81 annualized dividend and a dividend yield of 11.26%. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, July 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.