Rivernorth Capital Management LLC Invests $20.44 Million in FS Credit Opportunities Corp. $FSCO

Rivernorth Capital Management LLC bought a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCOFree Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 4,008,422 shares of the company’s stock, valued at approximately $20,443,000. FS Credit Opportunities accounts for about 1.0% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of FS Credit Opportunities in the first quarter valued at about $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of FS Credit Opportunities in the first quarter valued at $29,000. Advocate Investing Services LLC acquired a new stake in shares of FS Credit Opportunities during the fourth quarter valued at $43,000. Jessup Wealth Management Inc acquired a new stake in shares of FS Credit Opportunities during the fourth quarter valued at $50,000. Finally, Larson Financial Group LLC increased its position in FS Credit Opportunities by 73.1% during the 4th quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after purchasing an additional 3,450 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Up 0.7%

FS Credit Opportunities stock opened at $4.95 on Wednesday. FS Credit Opportunities Corp. has a 12-month low of $4.13 and a 12-month high of $7.65. The firm’s 50-day moving average is $4.91 and its two-hundred day moving average is $5.25.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a $0.0583 dividend. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend is Friday, July 24th.

About FS Credit Opportunities

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FS Credit Opportunities (NYSE:FSCO)

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