Castleview Partners LLC Grows Stock Position in FS Credit Opportunities Corp. $FSCO

Castleview Partners LLC boosted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 164.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 293,178 shares of the company’s stock after acquiring an additional 182,496 shares during the period. FS Credit Opportunities accounts for about 0.9% of Castleview Partners LLC’s investment portfolio, making the stock its 25th largest position. Castleview Partners LLC owned about 0.15% of FS Credit Opportunities worth $1,847,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its position in FS Credit Opportunities by 2,815.4% during the third quarter. Quadrature Capital Ltd now owns 316,147 shares of the company’s stock worth $2,185,000 after acquiring an additional 305,303 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of FS Credit Opportunities by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 590,181 shares of the company’s stock valued at $4,285,000 after purchasing an additional 252,781 shares during the last quarter. Noble Wealth Management PBC grew its position in shares of FS Credit Opportunities by 165.8% in the fourth quarter. Noble Wealth Management PBC now owns 399,230 shares of the company’s stock valued at $2,515,000 after purchasing an additional 249,041 shares during the last quarter. Delta Investment Management LLC increased its stake in shares of FS Credit Opportunities by 85.3% during the 3rd quarter. Delta Investment Management LLC now owns 474,501 shares of the company’s stock worth $3,279,000 after purchasing an additional 218,438 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of FS Credit Opportunities during the 2nd quarter worth approximately $1,321,000. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FS Credit Opportunities

In related news, insider Michael C. Forman acquired 38,549 shares of FS Credit Opportunities stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of $5.20 per share, for a total transaction of $200,454.80. Following the completion of the transaction, the insider directly owned 44,312 shares of the company’s stock, valued at $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired 44,049 shares of company stock valued at $231,215 over the last ninety days. Insiders own 0.27% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of FS Credit Opportunities stock opened at $5.26 on Thursday. FS Credit Opportunities Corp. has a 1 year low of $4.13 and a 1 year high of $7.65. The business has a 50 day moving average price of $5.58 and a 200 day moving average price of $6.21.

FS Credit Opportunities Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.0583 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

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.