FS Credit Opportunities Corp. (NYSE:FSCO) is Thomas J. Herzfeld Advisors Inc.’s 2nd Largest Position

Thomas J. Herzfeld Advisors Inc. trimmed its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 24.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,237,249 shares of the company’s stock after selling 1,055,109 shares during the quarter. FS Credit Opportunities accounts for about 7.1% of Thomas J. Herzfeld Advisors Inc.’s investment portfolio, making the stock its 2nd biggest position. Thomas J. Herzfeld Advisors Inc. owned approximately 0.94% of FS Credit Opportunities worth $22,078,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. LPL Financial LLC boosted its stake in FS Credit Opportunities by 0.8% during the 4th quarter. LPL Financial LLC now owns 2,710,617 shares of the company’s stock valued at $18,486,000 after acquiring an additional 22,441 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of FS Credit Opportunities by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,944,373 shares of the company’s stock valued at $13,261,000 after purchasing an additional 18,020 shares in the last quarter. Vista Finance LLC lifted its position in shares of FS Credit Opportunities by 2.0% during the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after purchasing an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC grew its stake in FS Credit Opportunities by 1.7% in the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after purchasing an additional 13,624 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in FS Credit Opportunities by 146.5% in the fourth quarter. Advisors Asset Management Inc. now owns 513,008 shares of the company’s stock worth $3,499,000 after purchasing an additional 304,902 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insider Buying and Selling

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $139,200. The trade was a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $7.05 on Tuesday. The stock’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $6.75. FS Credit Opportunities Corp. has a 52-week low of $5.66 and a 52-week high of $7.16.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a dividend yield of 10.99%. The ex-dividend date was Monday, March 24th.

FS Credit Opportunities Company 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.