Raymond James Financial Inc. Purchases Shares of 458,654 FS Credit Opportunities Corp. (NYSE:FSCO)

Raymond James Financial Inc. acquired a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 458,654 shares of the company’s stock, valued at approximately $3,128,000. Raymond James Financial Inc. owned 0.13% of FS Credit Opportunities as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FSCO. Spire Wealth Management acquired a new stake in FS Credit Opportunities during the fourth quarter valued at approximately $39,000. US Bancorp DE acquired a new position in FS Credit Opportunities during the fourth quarter worth $49,000. PSI Advisors LLC lifted its holdings in shares of FS Credit Opportunities by 118.5% during the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after acquiring an additional 4,146 shares during the period. Private Portfolio Partners LLC acquired a new stake in shares of FS Credit Opportunities in the 4th quarter valued at $72,000. Finally, Bravias Capital Group LLC acquired a new stake in shares of FS Credit Opportunities during the 4th quarter worth about $73,000. Institutional investors own 36.37% of the company’s stock.

Insider Activity at FS Credit Opportunities

In related news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $139,200. The trade was a 33.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $6.78 on Tuesday. FS Credit Opportunities Corp. has a 12-month low of $5.29 and a 12-month high of $7.16. The firm has a 50-day moving average price of $6.79 and a 200 day moving average price of $6.76.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.0645 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 11.42%.

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.