Riverbridge Partners LLC lifted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) by 82.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 385,289 shares of the company’s stock after purchasing an additional 174,445 shares during the period. Riverbridge Partners LLC owned 0.19% of FS Credit Opportunities worth $1,965,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Maridea Wealth Management LLC raised its position in FS Credit Opportunities by 2.2% during the 4th quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock worth $472,000 after purchasing an additional 1,581 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of FS Credit Opportunities by 4.4% in the 3rd quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock valued at $280,000 after buying an additional 1,720 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of FS Credit Opportunities by 0.7% in the third quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock valued at $1,710,000 after buying an additional 1,829 shares during the period. Certior Financial Group LLC increased its stake in shares of FS Credit Opportunities by 0.7% in the fourth quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock valued at $1,825,000 after buying an additional 1,965 shares during the period. Finally, Centerpoint Advisory Group raised its position in shares of FS Credit Opportunities by 3.7% during the fourth quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock worth $391,000 after acquiring an additional 2,198 shares during the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.
FS Credit Opportunities Stock Down 0.7%
FS Credit Opportunities stock opened at $4.72 on Thursday. The stock’s 50 day moving average is $5.02 and its 200 day moving average is $5.47. FS Credit Opportunities Corp. has a one year low of $4.13 and a one year high of $7.65.
FS Credit Opportunities Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.0583 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.
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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