Sequoia Financial Advisors LLC Makes New $584,000 Investment in FS Credit Opportunities Corp. (NYSE:FSCO)

Sequoia Financial Advisors LLC bought a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) during the fourth quarter, Holdings Channel reports. The fund bought 102,948 shares of the company’s stock, valued at approximately $584,000.

A number of other institutional investors also recently bought and sold shares of FSCO. Saba Capital Management L.P. raised its stake in shares of FS Credit Opportunities by 11.8% in the 3rd quarter. Saba Capital Management L.P. now owns 7,907,125 shares of the company’s stock valued at $42,857,000 after acquiring an additional 837,166 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of FS Credit Opportunities by 13.0% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,862,124 shares of the company’s stock valued at $26,353,000 after acquiring an additional 558,869 shares during the period. Wagner Wealth Management LLC raised its stake in shares of FS Credit Opportunities by 17.3% in the 4th quarter. Wagner Wealth Management LLC now owns 3,045,132 shares of the company’s stock valued at $17,266,000 after acquiring an additional 448,199 shares during the period. LPL Financial LLC raised its stake in shares of FS Credit Opportunities by 14.1% in the 3rd quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock valued at $13,659,000 after acquiring an additional 310,763 shares during the period. Finally, Penserra Capital Management LLC increased its stake in FS Credit Opportunities by 2.4% during the 3rd quarter. Penserra Capital Management LLC now owns 1,901,063 shares of the company’s stock worth $10,303,000 after buying an additional 44,675 shares during the period. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

Shares of FSCO opened at $5.78 on Wednesday. FS Credit Opportunities Corp. has a fifty-two week low of $4.14 and a fifty-two week high of $6.04. The firm’s 50 day moving average price is $5.80 and its 200 day moving average price is $5.69.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 12.46%. The ex-dividend date is Monday, April 22nd.

Insiders Place Their Bets

In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the purchase, the director now directly owns 21,130 shares in the company, valued at $124,033.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the purchase, the director now directly owns 21,130 shares in the company, valued at $124,033.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Bethel purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $5.80 per share, with a total value of $37,700.00. Following the purchase, the director now owns 11,500 shares in the company, valued at $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.

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.