FS Credit Opportunities (NYSE:FSCO) Insider Michael Forman Buys 38,549 Shares

FS Credit Opportunities Corp. (NYSE:FSCO) insider Michael Forman purchased 38,549 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $200,454.80. Following the purchase, the insider directly owned 44,312 shares of the company’s stock, valued at $230,422.40. This trade represents a 668.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FS Credit Opportunities Price Performance

Shares of NYSE:FSCO opened at $5.25 on Tuesday. FS Credit Opportunities Corp. has a 1-year low of $4.82 and a 1-year high of $7.65. The business has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $6.50.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.0678 dividend. This represents a c) annualized dividend and a yield of 15.5%. The ex-dividend date was Friday, February 20th.

Institutional Trading of FS Credit Opportunities

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its position in shares of FS Credit Opportunities by 15.1% during the second quarter. Advisors Asset Management Inc. now owns 708,043 shares of the company’s stock worth $5,140,000 after buying an additional 92,641 shares during the period. Geneos Wealth Management Inc. lifted its stake in FS Credit Opportunities by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 590,181 shares of the company’s stock valued at $4,285,000 after acquiring an additional 252,781 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in FS Credit Opportunities during the 2nd quarter worth approximately $352,000. Delta Investment Management LLC grew its stake in shares of FS Credit Opportunities by 85.3% during the 3rd quarter. Delta Investment Management LLC now owns 474,501 shares of the company’s stock worth $3,279,000 after acquiring an additional 218,438 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of FS Credit Opportunities in the second quarter valued at approximately $1,321,000. Institutional investors own 36.37% of the company’s stock.

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.