312,684 Shares in FS Credit Opportunities Corp. $FSCO Purchased by Fund Advisors of America Inc FL

Fund Advisors of America Inc FL acquired a new position in FS Credit Opportunities Corp. (NYSE:FSCOFree Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 312,684 shares of the company’s stock, valued at approximately $1,970,000. FS Credit Opportunities comprises 1.8% of Fund Advisors of America Inc FL’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its stake in FS Credit Opportunities by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock worth $20,457,000 after acquiring an additional 210,736 shares during the period. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of FS Credit Opportunities by 97.2% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock valued at $11,969,000 after buying an additional 936,272 shares during the last quarter. Matisse Capital purchased a new stake in shares of FS Credit Opportunities during the fourth quarter valued at about $5,657,000. Ellis Investment Partners LLC lifted its position in shares of FS Credit Opportunities by 0.4% during the fourth quarter. Ellis Investment Partners LLC now owns 850,410 shares of the company’s stock valued at $5,358,000 after buying an additional 3,660 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of FS Credit Opportunities by 12.4% during the fourth quarter. Advisors Asset Management Inc. now owns 757,235 shares of the company’s stock valued at $4,771,000 after buying an additional 83,831 shares during the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FS Credit Opportunities

In other news, insider Michael C. Forman purchased 38,549 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average cost of $5.20 per share, with a total value of $200,454.80. Following the completion of the transaction, the insider owned 44,312 shares in the company, valued at $230,422.40. This represents a 668.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities Price Performance

FSCO stock opened at $5.06 on Friday. The firm has a 50-day simple moving average of $5.09 and a two-hundred day simple moving average of $5.70. FS Credit Opportunities Corp. has a one year low of $4.13 and a one year high of $7.65.

FS Credit Opportunities (NYSE:FSCOGet Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.11 EPS for the quarter. The firm had revenue of $57.34 million for the quarter.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.0583 per share. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Thursday, May 21st.

FS Credit Opportunities Profile

(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

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:FSCOFree Report).

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

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