Truvestments Capital LLC Buys New Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Truvestments Capital LLC bought a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,127 shares of the company’s stock, valued at approximately $52,000.

Other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new position in FS Credit Opportunities during the 1st quarter valued at $65,000. Cetera Investment Advisers boosted its stake in FS Credit Opportunities by 2,693.8% during the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock valued at $18,091,000 after purchasing an additional 2,941,488 shares in the last quarter. Cetera Advisors LLC boosted its stake in FS Credit Opportunities by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock valued at $7,673,000 after purchasing an additional 28,563 shares in the last quarter. Marcum Wealth LLC boosted its stake in FS Credit Opportunities by 9.2% during the 2nd quarter. Marcum Wealth LLC now owns 54,106 shares of the company’s stock valued at $345,000 after purchasing an additional 4,548 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its stake in FS Credit Opportunities by 8.7% during the 2nd quarter. Simplicity Wealth LLC now owns 55,095 shares of the company’s stock valued at $351,000 after purchasing an additional 4,393 shares in the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 2.0 %

Shares of NYSE FSCO opened at $6.77 on Thursday. The stock has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $6.39. FS Credit Opportunities Corp. has a 1 year low of $5.47 and a 1 year high of $6.78.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.64%. The ex-dividend date of this dividend is Thursday, November 21st.

Insider Transactions at FS Credit Opportunities

In other news, CEO Michael C. Forman sold 218,961 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the completion of the sale, the chief executive officer now directly owns 116,297 shares of the company’s stock, valued at $715,226.55. This trade represents a 65.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

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.