Kovack Advisors Inc. Has $568,000 Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Kovack Advisors Inc. grew its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,300 shares of the company’s stock after buying an additional 5,600 shares during the period. Kovack Advisors Inc.’s holdings in FS Credit Opportunities were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FSCO. Advisors Asset Management Inc. lifted its holdings in FS Credit Opportunities by 159.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 208,106 shares of the company’s stock worth $1,321,000 after purchasing an additional 127,815 shares during the last quarter. Jane Street Group LLC lifted its holdings in FS Credit Opportunities by 71.1% during the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock worth $154,000 after purchasing an additional 10,103 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in FS Credit Opportunities during the 4th quarter worth approximately $82,000. PFG Investments LLC lifted its holdings in FS Credit Opportunities by 92.0% during the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company’s stock worth $1,118,000 after purchasing an additional 78,570 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in FS Credit Opportunities by 689.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company’s stock worth $679,000 after purchasing an additional 93,363 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

FS Credit Opportunities Price Performance

NYSE:FSCO opened at $7.02 on Friday. The stock has a 50 day simple moving average of $6.89 and a 200 day simple moving average of $6.63. FS Credit Opportunities Corp. has a 1-year low of $5.63 and a 1-year high of $7.12.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.0645 per share. The ex-dividend date was Friday, February 21st. This represents a $0.77 annualized dividend and a yield of 11.03%.

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.