Sanctuary Advisors LLC reduced its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) by 77.1% during the 4th quarter, HoldingsChannel reports. The firm owned 31,873 shares of the company’s stock after selling 107,293 shares during the period. Sanctuary Advisors LLC’s holdings in FS Credit Opportunities were worth $201,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC grew its position in FS Credit Opportunities by 165.8% during the 4th quarter. Noble Wealth Management PBC now owns 399,230 shares of the company’s stock worth $2,515,000 after purchasing an additional 249,041 shares during the last quarter. Riverbridge Partners LLC purchased a new position in FS Credit Opportunities during the 4th quarter worth $1,328,000. Absolute Investment Advisers LLC purchased a new position in FS Credit Opportunities during the 4th quarter worth $1,995,000. Miller Global Investments LLC purchased a new position in FS Credit Opportunities during the 4th quarter worth $1,119,000. Finally, Castleview Partners LLC grew its position in FS Credit Opportunities by 164.9% during the 4th quarter. Castleview Partners LLC now owns 293,178 shares of the company’s stock worth $1,847,000 after purchasing an additional 182,496 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.
FS Credit Opportunities Trading Down 0.5%
Shares of FSCO stock opened at $5.10 on Wednesday. The business’s 50 day moving average is $5.06 and its two-hundred day moving average is $5.78. FS Credit Opportunities Corp. has a twelve month low of $4.13 and a twelve month high of $7.65.
FS Credit Opportunities Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.0583 dividend. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date is Thursday, May 21st.
Insider Buying and Selling at FS Credit Opportunities
In other news, insider Michael C. Forman bought 38,549 shares of the stock in a transaction dated Thursday, February 26th. The shares were acquired at an average price of $5.20 per share, with a total value of $200,454.80. Following the completion of the acquisition, the insider directly owned 44,312 shares in the company, valued at approximately $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.
About FS Credit Opportunities
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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Want to see what other hedge funds are holding FSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Credit Opportunities Corp. (NYSE:FSCO – Free Report).
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