Simplicity Solutions LLC Reduces Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Simplicity Solutions LLC lessened its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,018 shares of the company’s stock after selling 3,381 shares during the period. Simplicity Solutions LLC’s holdings in FS Credit Opportunities were worth $329,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Saba Capital Management L.P. boosted its holdings in FS Credit Opportunities by 11.8% in the 3rd 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 during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its holdings in FS Credit Opportunities by 13.0% in the 3rd 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 during the last quarter. Wagner Wealth Management LLC boosted its holdings in FS Credit Opportunities by 17.3% in the 4th quarter. Wagner Wealth Management LLC now owns 3,045,132 shares of the company’s stock valued at $17,266,000 after purchasing an additional 448,199 shares during the last quarter. LPL Financial LLC boosted its holdings in FS Credit Opportunities by 14.1% in the 3rd quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock valued at $13,659,000 after purchasing an additional 310,763 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in FS Credit Opportunities by 2.4% in the 3rd quarter. Penserra Capital Management LLC now owns 1,901,063 shares of the company’s stock valued at $10,303,000 after purchasing an additional 44,675 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Up 0.7 %

NYSE:FSCO opened at $5.95 on Friday. The company’s 50-day moving average is $5.81 and its two-hundred day moving average is $5.70. FS Credit Opportunities Corp. has a 1-year low of $4.14 and a 1-year high of $6.04.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.72 annualized dividend and a dividend yield of 12.10%.

Insider Transactions at FS Credit Opportunities

In related news, Director Barbara J. Fouss acquired 11,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the acquisition, the director now owns 21,130 shares in the company, valued at approximately $124,033.10. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other FS Credit Opportunities news, Director Keith Bethel bought 6,500 shares of FS Credit Opportunities 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 acquisition, the director now directly owns 11,500 shares in the company, valued at $66,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara J. Fouss bought 11,000 shares of FS Credit Opportunities stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the acquisition, the director now owns 21,130 shares in the company, valued at $124,033.10. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

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.