Independent Advisor Alliance Cuts Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Independent Advisor Alliance lessened its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 24.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,550 shares of the company’s stock after selling 7,811 shares during the quarter. Independent Advisor Alliance’s holdings in FS Credit Opportunities were worth $161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSCO. Oppenheimer & Co. Inc. raised its stake in FS Credit Opportunities by 19.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 48,205 shares of the company’s stock valued at $306,000 after purchasing an additional 7,705 shares during the last quarter. Advisors Asset Management Inc. raised its stake in FS Credit Opportunities by 159.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock valued at $1,321,000 after purchasing an additional 127,815 shares during the last quarter. Moors & Cabot Inc. raised its stake in FS Credit Opportunities by 12.0% in the 3rd quarter. Moors & Cabot Inc. now owns 29,619 shares of the company’s stock valued at $188,000 after purchasing an additional 3,163 shares during the last quarter. Steele Capital Management Inc. raised its stake in FS Credit Opportunities by 64.0% in the 3rd quarter. Steele Capital Management Inc. now owns 41,000 shares of the company’s stock valued at $260,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Concorde Asset Management LLC raised its stake in FS Credit Opportunities by 29.6% in the 3rd quarter. Concorde Asset Management LLC now owns 127,089 shares of the company’s stock valued at $807,000 after purchasing an additional 29,000 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Keith Bethel acquired 5,000 shares of FS Credit Opportunities stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $139,200. This represents a 33.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities Price Performance

NYSE FSCO opened at $7.15 on Friday. The business has a fifty day moving average price of $6.95 and a 200 day moving average price of $6.71. FS Credit Opportunities Corp. has a one year low of $5.66 and a one year high of $7.15.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a dividend of $0.0645 per share. The ex-dividend date is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 10.83%.

About FS Credit Opportunities

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.