Choreo LLC Has $514,000 Stock Holdings in FS Credit Opportunities Corp. $FSCO

Choreo LLC lowered its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 69.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,451 shares of the company’s stock after selling 167,630 shares during the period. Choreo LLC’s holdings in FS Credit Opportunities were worth $514,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Mather Group LLC. bought a new stake in FS Credit Opportunities during the 3rd quarter worth $38,000. NWF Advisory Services Inc. acquired a new stake in shares of FS Credit Opportunities during the second quarter valued at about $75,000. Family Capital Management Inc. bought a new stake in shares of FS Credit Opportunities during the third quarter worth about $79,000. Second Line Capital LLC acquired a new position in shares of FS Credit Opportunities in the second quarter valued at approximately $83,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in FS Credit Opportunities in the 3rd quarter valued at approximately $81,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

FS Credit Opportunities Trading Down 1.2%

NYSE:FSCO opened at $5.08 on Friday. FS Credit Opportunities Corp. has a one year low of $4.82 and a one year high of $7.65. The firm’s 50 day simple moving average is $5.97 and its 200 day simple moving average is $6.46.

FS Credit Opportunities Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.0583 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 13.8%.

Insiders Place Their Bets

In related news, insider Michael C. Forman bought 38,549 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of $5.20 per share, with a total value of $200,454.80. Following the acquisition, the insider owned 44,312 shares of the company’s stock, valued at $230,422.40. This represents a 668.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

About FS Credit Opportunities

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.