Summit Wealth Group LLC Co. Buys 169,022 Shares of FS Credit Opportunities Corp. $FSCO

Summit Wealth Group LLC Co. raised its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 1,145.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 183,779 shares of the company’s stock after acquiring an additional 169,022 shares during the period. Summit Wealth Group LLC Co.’s holdings in FS Credit Opportunities were worth $1,158,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in FS Credit Opportunities by 50.6% in the fourth quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock valued at $60,000 after buying an additional 3,219 shares in the last quarter. Madrid Wealth Management LLC bought a new position in FS Credit Opportunities in the fourth quarter valued at approximately $65,000. Family Capital Management Inc. bought a new position in FS Credit Opportunities in the third quarter valued at approximately $79,000. Mission Hills Financial Advisory LLC bought a new position in FS Credit Opportunities in the fourth quarter valued at approximately $86,000. Finally, CoreCap Advisors LLC lifted its stake in FS Credit Opportunities by 23.3% in the third quarter. CoreCap Advisors LLC now owns 15,477 shares of the company’s stock valued at $107,000 after buying an additional 2,924 shares in the last quarter. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Down 0.5%

Shares of FSCO opened at $5.10 on Wednesday. FS Credit Opportunities Corp. has a twelve month low of $4.13 and a twelve month high of $7.65. The firm’s 50 day moving average price is $5.06 and its two-hundred day moving average price is $5.78.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly 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 declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 13.7%.

Insiders Place Their Bets

In related news, insider Michael C. Forman purchased 38,549 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average price of $5.20 per share, with a total value of $200,454.80. Following the completion of the purchase, the insider owned 44,312 shares in the company, valued at $230,422.40. This represents a 668.91% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities 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.