Sit Investment Associates Inc. Increases Stock Holdings in FS Credit Opportunities Corp. $FSCO

Sit Investment Associates Inc. boosted its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 6.9% in the fourth quarter, Holdings Channel reports. The fund owned 3,247,090 shares of the company’s stock after buying an additional 210,736 shares during the quarter. Sit Investment Associates Inc.’s holdings in FS Credit Opportunities were worth $20,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FSCO. Jessup Wealth Management Inc acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at approximately $50,000. Larson Financial Group LLC raised its holdings in FS Credit Opportunities by 73.1% in the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock valued at $51,000 after acquiring an additional 3,450 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 3,219 shares in the last quarter. Madrid Wealth Management LLC bought a new position in FS Credit Opportunities during the 4th quarter valued at $65,000. Finally, Mission Hills Financial Advisory LLC bought a new position in FS Credit Opportunities during the 4th quarter valued at $86,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $4.87 on Friday. The firm has a fifty day moving average of $5.05 and a two-hundred day moving average of $5.56. FS Credit Opportunities Corp. has a 1-year low of $4.13 and a 1-year high of $7.65.

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

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.0583 per share. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.