FS Credit Opportunities Corp. (NYSE:FSCO) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC raised its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,607 shares of the company’s stock after acquiring an additional 23,579 shares during the quarter. Global Retirement Partners LLC’s holdings in FS Credit Opportunities were worth $1,157,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of FS Credit Opportunities during the fourth quarter valued at approximately $39,000. PSI Advisors LLC grew its position in shares of FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after purchasing an additional 4,146 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of FS Credit Opportunities in the third quarter valued at approximately $52,000. Nwam LLC purchased a new stake in shares of FS Credit Opportunities in the third quarter valued at approximately $66,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insider Activity

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. The trade was a 33.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Performance

FSCO stock opened at $6.97 on Friday. The business has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $6.60. FS Credit Opportunities Corp. has a 1 year low of $5.61 and a 1 year high of $7.12.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a $0.0645 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.11%.

FS Credit Opportunities Profile

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.