13,368 Shares in FS Credit Opportunities Corp. (NYSE:FSCO) Acquired by Focus Financial Network Inc. ADV

Focus Financial Network Inc. ADV acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCOFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,368 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FSCO. Saba Capital Management L.P. boosted its holdings in FS Credit Opportunities by 11.8% in the third quarter. Saba Capital Management L.P. now owns 7,907,125 shares of the company’s stock valued at $42,857,000 after purchasing an additional 837,166 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of FS Credit Opportunities by 3.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,348,705 shares of the company’s stock worth $30,327,000 after buying an additional 172,413 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its holdings 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 buying an additional 558,869 shares in the last quarter. Wagner Wealth Management LLC grew its position 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 buying an additional 448,199 shares during the last quarter. Finally, LPL Financial LLC raised its stake in FS Credit Opportunities by 14.1% during the 3rd quarter. LPL Financial LLC now owns 2,520,064 shares of the company’s stock worth $13,659,000 after acquiring an additional 310,763 shares in the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

FS Credit Opportunities Price Performance

Shares of FSCO opened at $6.27 on Wednesday. The firm has a fifty day moving average price of $6.05 and a 200 day moving average price of $5.85. FS Credit Opportunities Corp. has a 1-year low of $4.54 and a 1-year high of $6.42.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 23rd were given a $0.06 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.48%.

FS Credit Opportunities Profile

(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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