FS Credit Opportunities Corp. $FSCO Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 63.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,693 shares of the company’s stock after selling 125,253 shares during the period. Arete Wealth Advisors LLC’s holdings in FS Credit Opportunities were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of FS Credit Opportunities by 3.0% during the second quarter. Allworth Financial LP now owns 50,691 shares of the company’s stock worth $368,000 after buying an additional 1,500 shares during the period. Golden State Wealth Management LLC raised its holdings in FS Credit Opportunities by 4.1% in the third quarter. Golden State Wealth Management LLC now owns 57,319 shares of the company’s stock valued at $396,000 after acquiring an additional 2,255 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in FS Credit Opportunities by 7.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 35,453 shares of the company’s stock worth $245,000 after acquiring an additional 2,501 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in FS Credit Opportunities by 14.5% during the 3rd quarter. Koshinski Asset Management Inc. now owns 21,746 shares of the company’s stock worth $150,000 after acquiring an additional 2,753 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in FS Credit Opportunities by 23.3% during the 3rd quarter. CoreCap Advisors LLC now owns 15,477 shares of the company’s stock worth $107,000 after acquiring an additional 2,924 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insiders Place Their Bets

In other FS Credit Opportunities news, insider Michael C. Forman purchased 38,549 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was bought at an average cost of $5.20 per share, with a total value of $200,454.80. Following the acquisition, the insider directly owned 44,312 shares of the company’s stock, valued at approximately $230,422.40. This represents a 668.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Stock Performance

Shares of FSCO opened at $5.11 on Wednesday. The firm’s fifty day simple moving average is $6.01 and its 200-day simple moving average is $6.48. FS Credit Opportunities Corp. has a twelve month low of $4.82 and a twelve month high of $7.65.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.0678 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 15.9%.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.