FS Credit Opportunities Corp. $FSCO is Vista Finance LLC’s 3rd Largest Position

Vista Finance LLC reduced its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,072,555 shares of the company’s stock after selling 97,454 shares during the period. FS Credit Opportunities makes up 8.6% of Vista Finance LLC’s portfolio, making the stock its 3rd largest holding. Vista Finance LLC owned approximately 1.04% of FS Credit Opportunities worth $13,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in FS Credit Opportunities by 7.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,235,949 shares of the company’s stock valued at $8,973,000 after purchasing an additional 83,824 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in FS Credit Opportunities by 2.0% during the 3rd quarter. Ellis Investment Partners LLC now owns 846,750 shares of the company’s stock valued at $5,851,000 after purchasing an additional 16,841 shares during the last quarter. Raymond James Financial Inc. grew its holdings in FS Credit Opportunities by 25.6% during the 3rd quarter. Raymond James Financial Inc. now owns 663,699 shares of the company’s stock valued at $4,586,000 after purchasing an additional 135,173 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in FS Credit Opportunities by 4.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 589,246 shares of the company’s stock valued at $4,072,000 after purchasing an additional 27,610 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in FS Credit Opportunities by 5.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 494,313 shares of the company’s stock valued at $3,416,000 after purchasing an additional 25,577 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael C. Forman purchased 38,549 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average cost of $5.20 per share, for a total transaction of $200,454.80. Following the acquisition, the insider owned 44,312 shares of the company’s stock, valued at approximately $230,422.40. This trade represents a 668.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities Trading Up 0.3%

Shares of NYSE:FSCO opened at $5.26 on Monday. 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 $5.20 and its 200 day moving average is $5.95.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.0583 per share. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Thursday, April 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.