FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors lessened its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 8.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,203 shares of the company’s stock after selling 5,993 shares during the period. Atlas Private Wealth Advisors’ holdings in FS Credit Opportunities were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FSCO. Saba Capital Management L.P. lifted its holdings in shares of FS Credit Opportunities by 11.8% in the third quarter. Saba Capital Management L.P. now owns 7,907,125 shares of the company’s stock valued at $42,857,000 after purchasing an additional 837,166 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of FS Credit Opportunities by 13.0% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,862,124 shares of the company’s stock valued at $26,353,000 after purchasing an additional 558,869 shares in the last quarter. Wagner Wealth Management LLC increased its stake in shares of FS Credit Opportunities by 21.2% in the third quarter. Wagner Wealth Management LLC now owns 2,596,933 shares of the company’s stock worth $14,075,000 after acquiring an additional 454,941 shares during the last quarter. LPL Financial LLC increased its stake in shares of FS Credit Opportunities by 14.1% in the third quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock worth $13,659,000 after acquiring an additional 310,763 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of FS Credit Opportunities by 77.6% in the second quarter. Osaic Holdings Inc. now owns 1,951,103 shares of the company’s stock worth $8,516,000 after acquiring an additional 852,337 shares during the last quarter. Institutional investors and hedge funds own 29.99% of the company’s stock.

Insider Buying and Selling at FS Credit Opportunities

In related news, Director Keith Bethel bought 6,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the acquisition, the director now directly owns 11,500 shares in the company, valued at $66,700. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO remained flat at $5.88 during mid-day trading on Monday. 535,967 shares of the stock were exchanged, compared to its average volume of 673,918. FS Credit Opportunities Corp. has a 1-year low of $4.08 and a 1-year high of $6.00. The stock has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $5.60.

FS Credit Opportunities Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 21st will be issued a dividend of $0.06 per share. This is a positive change from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a $0.72 annualized dividend and a yield of 12.26%. The ex-dividend date of this dividend is Wednesday, March 20th.

FS Credit Opportunities Profile

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.