FS Credit Opportunities (NYSE:FSCO) Shares Down 1.4%

FS Credit Opportunities Corp. (NYSE:FSCO)’s stock price fell 1.4% on Friday . The stock traded as low as $6.26 and last traded at $6.27. 45,003 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 668,012 shares. The stock had previously closed at $6.36.

FS Credit Opportunities Price Performance

The company’s fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.10.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be issued a $0.06 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.72 annualized dividend and a yield of 11.50%.

Insider Buying and Selling at FS Credit Opportunities

In other news, Director Barbara J. Fouss purchased 6,000 shares of FS Credit Opportunities stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost 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 in the company, valued at $173,632. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On FS Credit Opportunities

Several hedge funds have recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of FS Credit Opportunities by 2.5% during the second quarter. Creative Planning now owns 117,475 shares of the company’s stock valued at $748,000 after purchasing an additional 2,816 shares during the last quarter. Sea Otter Advisors LLC bought a new position in FS Credit Opportunities during the 2nd quarter valued at approximately $382,000. Concorde Asset Management LLC raised its stake in FS Credit Opportunities by 454.5% during the second quarter. Concorde Asset Management LLC now owns 98,089 shares of the company’s stock valued at $625,000 after buying an additional 80,400 shares during the last quarter. WCG Wealth Advisors LLC boosted its holdings in FS Credit Opportunities by 14.8% in the second quarter. WCG Wealth Advisors LLC now owns 168,018 shares of the company’s stock worth $1,070,000 after acquiring an additional 21,654 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of FS Credit Opportunities in the second quarter worth $216,000. Institutional investors own 36.37% of the company’s stock.

About FS Credit Opportunities

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.