FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel Buys 5,000 Shares of Stock

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired 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 directly owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.95 on Friday. The firm’s 50-day moving average price is $6.83 and its 200-day moving average price is $6.58. FS Credit Opportunities Corp. has a 12-month low of $5.61 and a 12-month high of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a dividend yield of 11.14%. The ex-dividend date is Friday, February 21st.

Institutional Trading of FS Credit Opportunities

Several hedge funds have recently made changes to their positions in FSCO. Noble Wealth Management PBC purchased a new stake in FS Credit Opportunities in the 4th quarter worth about $3,255,000. Raymond James Financial Inc. purchased a new stake in FS Credit Opportunities in the 4th quarter worth about $3,128,000. Geneos Wealth Management Inc. purchased a new stake in FS Credit Opportunities in the 4th quarter worth about $2,252,000. Advisors Asset Management Inc. raised its position in FS Credit Opportunities by 146.5% in the 4th quarter. Advisors Asset Management Inc. now owns 513,008 shares of the company’s stock worth $3,499,000 after purchasing an additional 304,902 shares during the period. Finally, Certior Financial Group LLC purchased a new stake in FS Credit Opportunities in the 4th quarter worth about $1,859,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

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.