FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) Director Della Clark purchased 2,840 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $6.34 per share, for a total transaction of $18,005.60. Following the purchase, the director now owns 8,368 shares of the company's stock, valued at $53,053.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
FS Credit Opportunities Stock Up 0.4 %
FSCO stock opened at $6.36 on Tuesday. The company has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.18. FS Credit Opportunities Corp. has a 12 month low of $5.07 and a 12 month high of $6.64.
FS Credit Opportunities Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.72 annualized dividend and a yield of 11.33%.
Institutional Investors Weigh In On FS Credit Opportunities
A number of hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. raised its position in FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company's stock worth $38,306,000 after buying an additional 6,208,428 shares during the last quarter. Choreo LLC acquired a new position in shares of FS Credit Opportunities during the first quarter valued at approximately $2,290,000. Quadrature Capital Ltd lifted its holdings in FS Credit Opportunities by 500.0% in the 4th quarter. Quadrature Capital Ltd now owns 204,487 shares of the company's stock valued at $1,156,000 after purchasing an additional 170,405 shares in the last quarter. Cetera Investment Advisers boosted its position in FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company's stock worth $18,091,000 after acquiring an additional 2,941,488 shares during the last quarter. Finally, Concorde Asset Management LLC grew its position in shares of FS Credit Opportunities by 454.5% in the second quarter. Concorde Asset Management LLC now owns 98,089 shares of the company's stock valued at $625,000 after purchasing an additional 80,400 shares in the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.
FS Credit Opportunities Company Profile
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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.
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