FS Credit Opportunities Corp. (FSCO) To Go Ex-Dividend on March 24th

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Thursday, March 5th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.0583 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 15.2%. The ex-dividend date is Tuesday, March 24th.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock opened at $4.59 on Friday. FS Credit Opportunities has a fifty-two week low of $4.45 and a fifty-two week high of $7.65. The business’s fifty day moving average is $5.94 and its two-hundred day moving average is $6.44.

Insider Buying and Selling

In other FS Credit Opportunities news, insider Michael C. Forman bought 38,549 shares of FS Credit Opportunities stock in a transaction that occurred on Thursday, February 26th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $200,454.80. Following the completion of the transaction, the insider owned 44,312 shares of the company’s stock, valued at $230,422.40. This represents a 668.91% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Institutional Trading of FS Credit Opportunities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its holdings in shares of FS Credit Opportunities by 6.9% during the 4th quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock worth $20,457,000 after acquiring an additional 210,736 shares during the period. Thomas J. Herzfeld Advisors Inc. grew its holdings in FS Credit Opportunities by 2.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,223,806 shares of the company’s stock valued at $23,405,000 after purchasing an additional 78,942 shares during the period. Vista Finance LLC increased its position in FS Credit Opportunities by 5.6% during the third quarter. Vista Finance LLC now owns 2,170,009 shares of the company’s stock worth $14,995,000 after purchasing an additional 115,286 shares during the last quarter. Envestnet Asset Management Inc. increased its position in FS Credit Opportunities by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,000,253 shares of the company’s stock worth $14,522,000 after purchasing an additional 90,470 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in FS Credit Opportunities by 2.9% during the second quarter. Rockefeller Capital Management L.P. now owns 1,292,277 shares of the company’s stock worth $9,382,000 after purchasing an additional 36,521 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.

About FS Credit Opportunities

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.