Orion Portfolio Solutions LLC Decreases Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Orion Portfolio Solutions LLC trimmed its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 468,034 shares of the company’s stock after selling 2,792 shares during the quarter. Orion Portfolio Solutions LLC owned 0.14% of FS Credit Opportunities worth $3,192,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FSCO. Spire Wealth Management acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at approximately $39,000. US Bancorp DE acquired a new stake in FS Credit Opportunities in the fourth quarter valued at $49,000. PSI Advisors LLC grew its holdings in FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after acquiring an additional 4,146 shares in the last quarter. Bravias Capital Group LLC bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $73,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of FS Credit Opportunities in the 4th quarter valued at about $82,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insider Activity

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Down 0.4 %

Shares of FSCO stock opened at $7.05 on Tuesday. FS Credit Opportunities Corp. has a one year low of $5.66 and a one year high of $7.16. The company’s 50-day simple moving average is $6.97 and its 200-day simple moving average is $6.75.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a $0.0645 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.77 annualized dividend and a dividend yield of 10.99%.

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.