FS Credit Opportunities (NYSE:FSCO) Reaches New 52-Week High at $6.52

FS Credit Opportunities Corp. (NYSE:FSCOGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.52 and last traded at $6.52, with a volume of 1552 shares traded. The stock had previously closed at $6.46.

FS Credit Opportunities Stock Up 0.9 %

The business’s 50 day moving average price is $6.29 and its 200-day moving average price is $5.96.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.72 annualized dividend and a dividend yield of 11.04%.

Insiders Place Their Bets

In other news, Director Barbara J. Fouss purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average price of $6.40 per share, with a total value of $38,400.00. Following the completion of the purchase, the director now directly owns 27,130 shares of the company’s stock, valued at approximately $173,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSCO. Marcum Wealth LLC grew its position in shares of FS Credit Opportunities by 9.2% in the 2nd quarter. Marcum Wealth LLC now owns 54,106 shares of the company’s stock valued at $345,000 after acquiring an additional 4,548 shares during the period. Cetera Advisors LLC grew its holdings in FS Credit Opportunities by 2.3% during the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock worth $7,673,000 after purchasing an additional 28,563 shares during the period. Cetera Investment Advisers increased its position in FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after buying an additional 2,941,488 shares during the last quarter. Investmark Advisory Group LLC raised its stake in FS Credit Opportunities by 14.1% in the first quarter. Investmark Advisory Group LLC now owns 140,942 shares of the company’s stock valued at $836,000 after buying an additional 17,393 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of FS Credit Opportunities in the first quarter valued at approximately $65,000. 36.37% of the stock is currently owned by institutional investors.

About FS Credit Opportunities

(Get 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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