Keith Bethel Acquires 2,500 Shares of FS Credit Opportunities (NYSE:FSCO) Stock

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel purchased 2,500 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $4.84 per share, with a total value of $12,100.00. Following the acquisition, the director owned 25,000 shares in the company, valued at approximately $121,000. This represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FS Credit Opportunities Trading Up 2.1%

Shares of FSCO stock opened at $5.01 on Wednesday. FS Credit Opportunities Corp. has a 12 month low of $4.13 and a 12 month high of $7.65. The stock has a 50 day moving average of $5.73 and a two-hundred day moving average of $6.30.

FS Credit Opportunities Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a $0.0583 dividend. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Investors Weigh In On FS Credit Opportunities

Several institutional investors and hedge funds have recently bought and sold shares of FSCO. Rockefeller Capital Management L.P. raised its stake in shares of FS Credit Opportunities by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,295,650 shares of the company’s stock valued at $8,163,000 after buying an additional 60,398 shares in the last quarter. Fund Advisors of America Inc FL acquired a new stake in shares of FS Credit Opportunities during the 4th quarter valued at about $1,970,000. World Investment Advisors boosted its position in shares of FS Credit Opportunities by 71.2% during the 4th quarter. World Investment Advisors now owns 31,703 shares of the company’s stock valued at $200,000 after acquiring an additional 13,180 shares in the last quarter. EJMK Ventures LLC bought a new stake in FS Credit Opportunities in the fourth quarter valued at about $171,000. Finally, Amicus Financial Advisors LLC bought a new stake in FS Credit Opportunities in the fourth quarter valued at about $100,000. Institutional investors own 36.37% of the company’s stock.

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.