Closed End Fund Advisors Inc. purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 274,422 shares of the company’s stock, valued at approximately $1,729,000. FS Credit Opportunities accounts for 1.0% of Closed End Fund Advisors Inc.’s investment portfolio, making the stock its 27th largest holding.
A number of other hedge funds also recently bought and sold shares of FSCO. Noble Wealth Management PBC increased its holdings in shares of FS Credit Opportunities by 165.8% in the fourth quarter. Noble Wealth Management PBC now owns 399,230 shares of the company’s stock valued at $2,515,000 after purchasing an additional 249,041 shares during the period. Riverbridge Partners LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at about $1,328,000. Absolute Investment Advisers LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at about $1,995,000. Matisse Capital acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at about $5,657,000. Finally, Diversified Enterprises LLC acquired a new position in shares of FS Credit Opportunities in the fourth quarter valued at about $831,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.
FS Credit Opportunities Price Performance
Shares of FSCO stock opened at $4.80 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $4.13 and a fifty-two week high of $7.65. The stock’s 50-day simple moving average is $5.07 and its 200-day simple moving average is $5.60.
FS Credit Opportunities Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.0583 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%.
FS Credit Opportunities Profile
FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.
Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.
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