Noble Wealth Management PBC Purchases New Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Noble Wealth Management PBC purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 477,260 shares of the company’s stock, valued at approximately $3,255,000. FS Credit Opportunities accounts for about 2.3% of Noble Wealth Management PBC’s holdings, making the stock its 7th largest position. Noble Wealth Management PBC owned approximately 0.14% of FS Credit Opportunities as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Vista Finance LLC increased its position in FS Credit Opportunities by 2.0% in the 4th quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after purchasing an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC increased its position in FS Credit Opportunities by 1.7% in the 4th quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after purchasing an additional 13,624 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in FS Credit Opportunities by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock worth $2,299,000 after purchasing an additional 2,888 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in FS Credit Opportunities in the 4th quarter worth about $2,252,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in FS Credit Opportunities by 11.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 288,185 shares of the company’s stock worth $1,965,000 after purchasing an additional 30,477 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 1.1 %

Shares of FSCO stock opened at $7.02 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $5.63 and a fifty-two week high of $7.12. The stock’s 50-day moving average is $6.89 and its two-hundred day moving average is $6.63.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.0645 dividend. This represents a $0.77 annualized dividend and a yield of 11.03%. The ex-dividend date was Friday, February 21st.

Insider Activity

In related news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $139,200. The trade was a 33.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently 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.