Independent Financial Group LLC Buys Shares of 783,638 FS Credit Opportunities Corp. $FSCO

Independent Financial Group LLC purchased a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 783,638 shares of the company’s stock, valued at approximately $3,997,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in shares of FS Credit Opportunities in the first quarter valued at $29,000. Advocate Investing Services LLC acquired a new position in FS Credit Opportunities during the 4th quarter worth about $43,000. Jessup Wealth Management Inc acquired a new position in FS Credit Opportunities during the 4th quarter worth about $50,000. Larson Financial Group LLC boosted its holdings in FS Credit Opportunities by 73.1% during the 4th 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 during the period. Finally, Farther Finance Advisors LLC boosted its holdings in FS Credit Opportunities by 50.6% during the 4th 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 during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Up 1.6%

NYSE FSCO opened at $4.91 on Friday. The stock has a 50-day moving average of $4.93 and a two-hundred day moving average of $5.32. 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 announced its quarterly earnings data on Monday, March 2nd. The company reported $0.11 earnings per share for the quarter. The business had revenue of $57.34 million during the quarter.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.0583 dividend. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Friday, July 24th.

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.