Advisors Asset Management Inc. Boosts Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Advisors Asset Management Inc. raised its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 159.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 208,106 shares of the company’s stock after buying an additional 127,815 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of FS Credit Opportunities worth $1,321,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in FS Credit Opportunities by 2,693.8% during the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after purchasing an additional 2,941,488 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of FS Credit Opportunities by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock worth $11,814,000 after purchasing an additional 64,734 shares during the last quarter. Vista Finance LLC grew its holdings in shares of FS Credit Opportunities by 4.2% during the third quarter. Vista Finance LLC now owns 1,676,829 shares of the company’s stock worth $10,648,000 after buying an additional 66,961 shares in the last quarter. Cetera Advisors LLC raised its position in shares of FS Credit Opportunities by 2.3% in the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock valued at $7,673,000 after buying an additional 28,563 shares during the last quarter. Finally, Ellis Investment Partners LLC lifted its stake in shares of FS Credit Opportunities by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 799,004 shares of the company’s stock valued at $5,074,000 after buying an additional 8,447 shares during the period. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Activity at FS Credit Opportunities

In related news, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at approximately $715,226.55. The trade was a 65.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Up 0.8 %

FSCO stock opened at $6.55 on Tuesday. The company has a 50 day moving average price of $6.54 and a two-hundred day moving average price of $6.39. FS Credit Opportunities Corp. has a one year low of $5.47 and a one year high of $6.75.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date is Thursday, November 21st.

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.