Ellis Investment Partners LLC Raises Holdings in FS Credit Opportunities Corp. $FSCO

Ellis Investment Partners LLC increased its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,909 shares of the company’s stock after acquiring an additional 13,260 shares during the period. FS Credit Opportunities makes up approximately 1.2% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 18th biggest position. Ellis Investment Partners LLC owned 0.42% of FS Credit Opportunities worth $6,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSCO. Geneos Wealth Management Inc. grew its position in FS Credit Opportunities by 91.1% in the first quarter. Geneos Wealth Management Inc. now owns 630,813 shares of the company’s stock worth $4,771,000 after acquiring an additional 300,660 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in FS Credit Opportunities in the first quarter worth about $1,889,000. Inscription Capital LLC bought a new stake in FS Credit Opportunities in the first quarter worth about $1,683,000. Kingswood Wealth Advisors LLC lifted its stake in FS Credit Opportunities by 216.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 290,094 shares of the company’s stock worth $2,060,000 after purchasing an additional 198,482 shares during the last quarter. Finally, Delta Investment Management LLC bought a new stake in FS Credit Opportunities in the first quarter worth about $1,306,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO opened at $6.89 on Monday. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.65. The firm has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $7.12.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be paid a $0.0678 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 11.8%.

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.