McAdam LLC Buys 21,351 Shares of FS Credit Opportunities Corp. $FSCO

McAdam LLC grew its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,427 shares of the company’s stock after purchasing an additional 21,351 shares during the quarter. McAdam LLC’s holdings in FS Credit Opportunities were worth $831,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Bensler LLC bought a new stake in FS Credit Opportunities during the 1st quarter valued at $4,013,000. Geneos Wealth Management Inc. increased its position in shares of FS Credit Opportunities by 91.1% in the first quarter. Geneos Wealth Management Inc. now owns 630,813 shares of the company’s stock valued at $4,771,000 after acquiring an additional 300,660 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of FS Credit Opportunities in the first quarter valued at about $1,889,000. Vista Finance LLC raised its stake in shares of FS Credit Opportunities by 14.3% during the first quarter. Vista Finance LLC now owns 1,955,812 shares of the company’s stock valued at $13,788,000 after acquiring an additional 244,793 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of FS Credit Opportunities during the first quarter worth about $1,683,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Performance

Shares of NYSE:FSCO opened at $6.79 on Friday. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.65. The stock’s 50-day moving average is $7.39 and its 200 day moving average is $7.12.

FS Credit Opportunities Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $0.0678 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a dividend yield of 1,131.0%.

FS Credit Opportunities 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.