Closed End Fund Advisors Inc. Makes New Investment in FS Credit Opportunities Corp. $FSCO

Closed End Fund Advisors Inc. purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 274,422 shares of the company’s stock, valued at approximately $1,729,000. FS Credit Opportunities comprises approximately 1.0% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Closed End Fund Advisors Inc. owned about 0.14% of FS Credit Opportunities at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Maridea Wealth Management LLC lifted its stake in shares of FS Credit Opportunities by 2.2% in the 4th quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock valued at $472,000 after acquiring an additional 1,581 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of FS Credit Opportunities by 4.4% in the 3rd quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock valued at $280,000 after acquiring an additional 1,720 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of FS Credit Opportunities by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock valued at $1,710,000 after acquiring an additional 1,829 shares during the last quarter. Certior Financial Group LLC lifted its stake in shares of FS Credit Opportunities by 0.7% in the 4th quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock valued at $1,825,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Centerpoint Advisory Group lifted its stake in shares of FS Credit Opportunities by 3.7% in the 4th quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock valued at $391,000 after acquiring an additional 2,198 shares during the last quarter. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

NYSE FSCO opened at $4.80 on Friday. FS Credit Opportunities Corp. has a 1-year low of $4.13 and a 1-year high of $7.65. The stock has a 50-day moving average of $5.07 and a 200-day moving average of $5.60.

FS Credit Opportunities (NYSE:FSCO) last released its earnings results on Monday, March 2nd. The company reported $0.11 earnings per share for the quarter. The company had revenue of $57.34 million during the quarter.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.0583 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend was Thursday, May 21st.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.