Wells Fargo & Company MN Has $951,000 Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Wells Fargo & Company MN lifted its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 894.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,508 shares of the company’s stock after purchasing an additional 125,486 shares during the period. Wells Fargo & Company MN’s holdings in FS Credit Opportunities were worth $951,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FSCO. Spire Wealth Management acquired a new stake in shares of FS Credit Opportunities in the 4th quarter valued at $39,000. US Bancorp DE bought a new position in FS Credit Opportunities in the fourth quarter valued at about $49,000. PSI Advisors LLC increased its position in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after purchasing an additional 4,146 shares during the period. Private Portfolio Partners LLC bought a new stake in FS Credit Opportunities during the 4th quarter worth about $72,000. Finally, Bravias Capital Group LLC acquired a new position in FS Credit Opportunities during the 4th quarter valued at about $73,000. Institutional investors own 36.37% of the company’s stock.

Insider Buying and Selling at FS Credit Opportunities

In related news, Director Keith Bethel bought 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $139,200. This represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Up 1.2 %

Shares of NYSE FSCO opened at $6.87 on Wednesday. The firm’s 50-day moving average is $6.79 and its 200-day moving average is $6.76. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.16.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend is Wednesday, April 23rd.

FS Credit Opportunities Profile

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.