Gilbert & Cook Inc. Trims Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Gilbert & Cook Inc. cut its stake in FS Credit Opportunities Corp. (NYSE:FSCOFree Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,825 shares of the company’s stock after selling 2,230 shares during the quarter. FS Credit Opportunities makes up approximately 0.3% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 29th largest position. Gilbert & Cook Inc. owned approximately 0.18% of FS Credit Opportunities worth $1,989,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. WealthPLAN Partners LLC increased its position in shares of FS Credit Opportunities by 199.9% in the fourth quarter. WealthPLAN Partners LLC now owns 490,703 shares of the company’s stock valued at $2,782,000 after buying an additional 327,084 shares in the last quarter. Wagner Wealth Management LLC raised its position in FS Credit Opportunities by 17.3% during the fourth quarter. Wagner Wealth Management LLC now owns 3,045,132 shares of the company’s stock worth $17,266,000 after acquiring an additional 448,199 shares during the period. LPL Financial LLC lifted its holdings in FS Credit Opportunities by 14.1% during the third quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock valued at $13,659,000 after purchasing an additional 310,763 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of FS Credit Opportunities by 68.3% in the third quarter. Avantax Advisory Services Inc. now owns 697,695 shares of the company’s stock valued at $3,782,000 after purchasing an additional 283,104 shares during the period. Finally, WealthPlan Investment Management LLC increased its stake in shares of FS Credit Opportunities by 149,216.3% during the third quarter. WealthPlan Investment Management LLC now owns 210,536 shares of the company’s stock worth $1,141,000 after purchasing an additional 210,395 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Activity

In other news, Director Barbara J. Fouss acquired 11,000 shares of FS Credit Opportunities stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $5.87 per share, with a total value of $64,570.00. Following the purchase, the director now owns 21,130 shares in the company, valued at $124,033.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FS Credit Opportunities news, Director Keith Bethel bought 6,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $5.80 per share, with a total value of $37,700.00. Following the purchase, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $66,700. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara J. Fouss bought 11,000 shares of the stock in a transaction dated Monday, March 18th. The shares were bought at an average price of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the acquisition, the director now owns 21,130 shares in the company, valued at $124,033.10. The disclosure for this purchase can be found here. Insiders have bought a total of 21,000 shares of company stock worth $124,320 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Stock Performance

FSCO opened at $6.32 on Friday. FS Credit Opportunities Corp. has a twelve month low of $4.39 and a twelve month high of $6.42. The company has a 50-day moving average price of $6.03 and a 200 day moving average price of $5.84.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.39%.

About FS Credit Opportunities

(Free Report)

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.

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Institutional Ownership by Quarter for FS Credit Opportunities (NYSE:FSCO)

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