Ergawealth Advisors Inc. Purchases New Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Ergawealth Advisors Inc. bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 67,909 shares of the company’s stock, valued at approximately $463,000.

Several other large investors have also modified their holdings of FSCO. Advisors Asset Management Inc. grew its holdings in shares of FS Credit Opportunities by 159.2% during the third quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock worth $1,321,000 after buying an additional 127,815 shares during the last quarter. Jane Street Group LLC lifted its position in FS Credit Opportunities by 71.1% during the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock worth $154,000 after acquiring an additional 10,103 shares during the period. Park Avenue Securities LLC acquired a new stake in FS Credit Opportunities during the 4th quarter worth approximately $82,000. PFG Investments LLC grew its stake in shares of FS Credit Opportunities by 92.0% in the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company’s stock valued at $1,118,000 after purchasing an additional 78,570 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of FS Credit Opportunities by 689.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock valued at $679,000 after purchasing an additional 93,363 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 0.1 %

Shares of NYSE FSCO opened at $6.93 on Friday. The stock has a fifty day moving average price of $6.88 and a 200 day moving average price of $6.63. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.0645 dividend. This represents a $0.77 annualized dividend and a dividend yield of 11.18%. The ex-dividend date of this dividend is Friday, February 21st.

Insider Activity

In related news, Director Keith Bethel bought 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average cost 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 of the company’s stock, valued at $139,200. This represents a 33.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

FS Credit Opportunities Company 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.