AlphaStar Capital Management LLC Grows Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

AlphaStar Capital Management LLC lifted its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,301 shares of the company’s stock after acquiring an additional 6,658 shares during the quarter. AlphaStar Capital Management LLC’s holdings in FS Credit Opportunities were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management bought a new position in FS Credit Opportunities during the 4th quarter worth about $39,000. Truvestments Capital LLC bought a new position in shares of FS Credit Opportunities during the third quarter valued at approximately $52,000. PSI Advisors LLC boosted its stake in shares of FS Credit Opportunities by 118.5% during the fourth 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. Nwam LLC purchased a new position in FS Credit Opportunities during the third quarter valued at approximately $66,000. Finally, Compass Ion Advisors LLC bought a new position in FS Credit Opportunities in the third quarter worth approximately $81,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Up 0.2 %

Shares of NYSE FSCO opened at $6.91 on Friday. FS Credit Opportunities Corp. has a 12-month low of $5.61 and a 12-month high of $7.12. The stock’s fifty day simple moving average is $6.80 and its two-hundred day simple moving average is $6.56.

FS Credit Opportunities Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 11.21%. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from FS Credit Opportunities’s previous monthly dividend of $0.06.

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.