FS Credit Opportunities Corp. $FSCO Stock: Plancorp LLC Grows Stake

Plancorp LLC increased its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 235.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,809 shares of the company’s stock after purchasing an additional 102,331 shares during the period. Plancorp LLC owned 0.07% of FS Credit Opportunities worth $726,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Arlington Capital Management Inc. bought a new position in shares of FS Credit Opportunities in the 2nd quarter worth $1,110,000. Rivernorth Capital Management LLC purchased a new stake in shares of FS Credit Opportunities during the 1st quarter worth $20,443,000. Noble Wealth Management PBC boosted its position in FS Credit Opportunities by 27.7% during the third quarter. Noble Wealth Management PBC now owns 637,478 shares of the company’s stock valued at $3,289,000 after purchasing an additional 138,341 shares in the last quarter. Independent Financial Group LLC bought a new stake in FS Credit Opportunities during the first quarter valued at about $3,997,000. Finally, Arkadios Wealth Advisors boosted its position in FS Credit Opportunities by 3,144.4% during the first quarter. Arkadios Wealth Advisors now owns 3,563,531 shares of the company’s stock valued at $18,174,000 after purchasing an additional 3,453,693 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Trading Up 2.3%

FSCO opened at $5.14 on Friday. The business’s 50-day moving average is $5.13 and its two-hundred day moving average is $5.15. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $6.63.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be issued a $0.0594 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Wednesday, December 23rd.

About FS Credit Opportunities

FS Credit Opportunities Corp. (NYSE: FSCO) is a publicly traded, non-diversified closed-end investment company. Its investment objective is to provide investors with current income and the potential for capital appreciation by investing across a broad range of credit-related assets.

The fund invests primarily in below-investment-grade and floating-rate instruments, including senior secured loans, high-yield bonds, private credit investments and structured credit securities. Its portfolio may include debt issued by companies in a variety of industries and may span both public and private markets.

FS Credit Opportunities Corp.