Raymond James & Associates Acquires 18,519 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Raymond James & Associates lifted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 6.8% during the fourth quarter, HoldingsChannel reports. The firm owned 288,932 shares of the company’s stock after purchasing an additional 18,519 shares during the period. Raymond James & Associates’ holdings in FS Credit Opportunities were worth $1,638,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in shares of FS Credit Opportunities by 54.5% in the second quarter. Sunbelt Securities Inc. now owns 5,616 shares of the company’s stock worth $27,000 after purchasing an additional 1,980 shares during the period. PSI Advisors LLC increased its stake in shares of FS Credit Opportunities by 60.3% in the third quarter. PSI Advisors LLC now owns 6,646 shares of the company’s stock worth $36,000 after purchasing an additional 2,500 shares during the period. Armstrong Fleming & Moore Inc bought a new position in shares of FS Credit Opportunities in the second quarter worth about $49,000. Blue Bell Private Wealth Management LLC increased its stake in shares of FS Credit Opportunities by 241.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 9,478 shares of the company’s stock worth $51,000 after purchasing an additional 6,700 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in FS Credit Opportunities during the second quarter worth about $55,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Price Performance

FSCO stock opened at $5.91 on Friday. FS Credit Opportunities Corp. has a twelve month low of $4.14 and a twelve month high of $6.04. The business’s 50-day simple moving average is $5.81 and its 200 day simple moving average is $5.70.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 12.19%. The ex-dividend date is Monday, April 22nd.

Insider Buying and Selling

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

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.