Sea Otter Advisors LLC Buys Shares of 60,000 FS Credit Opportunities Corp. (NYSE:FSCO)

Sea Otter Advisors LLC bought a new position in FS Credit Opportunities Corp. (NYSE:FSCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,000 shares of the company’s stock, valued at approximately $382,000. FS Credit Opportunities accounts for about 2.7% of Sea Otter Advisors LLC’s holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of FSCO. Nomura Holdings Inc. increased its stake in shares of FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after purchasing an additional 6,208,428 shares during the last quarter. 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. Envestnet Asset Management Inc. raised its holdings in FS Credit Opportunities by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,854,560 shares of the company’s stock valued at $11,814,000 after buying an additional 64,734 shares in the last quarter. Vista Finance LLC raised its holdings in FS Credit Opportunities by 865.7% during the second quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock valued at $10,255,000 after buying an additional 1,443,169 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of FS Credit Opportunities by 2.3% in the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock worth $7,673,000 after buying an additional 28,563 shares during the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insider Transactions at FS Credit Opportunities

In related news, CEO Michael C. Forman sold 102,860 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at $82,100.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael C. Forman sold 102,860 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the sale, the chief executive officer now directly owns 13,437 shares in the company, valued at approximately $82,100.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael C. Forman sold 218,961 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the transaction, the chief executive officer now owns 116,297 shares of the company’s stock, valued at $715,226.55. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Stock Performance

Shares of FS Credit Opportunities stock opened at $6.39 on Friday. FS Credit Opportunities Corp. has a 1-year low of $5.14 and a 1-year high of $6.64. The firm has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.18.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.72 annualized dividend and a dividend yield of 11.27%.

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.