US Bancorp DE Makes New Investment in FS Credit Opportunities Corp. (NYSE:FSCO)

US Bancorp DE bought a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, Holdings Channel reports. The fund bought 7,129 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FSCO. Vista Finance LLC boosted its stake in FS Credit Opportunities by 2.0% during the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after buying an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC grew its stake in shares of FS Credit Opportunities by 1.7% in the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after acquiring an additional 13,624 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of FS Credit Opportunities by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock worth $2,299,000 after acquiring an additional 2,888 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of FS Credit Opportunities in the fourth quarter valued at $2,252,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of FS Credit Opportunities by 11.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 288,185 shares of the company’s stock valued at $1,965,000 after acquiring an additional 30,477 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.96 on Wednesday. FS Credit Opportunities Corp. has a 1-year low of $5.66 and a 1-year high of $7.12. The stock’s 50-day moving average is $6.94 and its two-hundred day moving average is $6.70.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 11.13%. The ex-dividend date of this dividend is Monday, March 24th.

Insider Buying and Selling at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $6.96 per share, with a total value of $34,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $139,200. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

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.