Transce3nd LLC Takes $960,000 Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Transce3nd LLC bought a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 140,793 shares of the company's stock, valued at approximately $960,000.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of FS Credit Opportunities by 6.3% in the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company's stock worth $171,000 after acquiring an additional 1,473 shares in the last quarter. Townsquare Capital LLC grew its position in shares of FS Credit Opportunities by 4.3% in the 4th quarter. Townsquare Capital LLC now owns 136,733 shares of the company's stock worth $933,000 after buying an additional 5,638 shares during the last quarter. Concorde Asset Management LLC raised its stake in shares of FS Credit Opportunities by 10.6% during the 4th quarter. Concorde Asset Management LLC now owns 140,589 shares of the company's stock worth $959,000 after acquiring an additional 13,500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in FS Credit Opportunities during the fourth quarter valued at approximately $3,128,000. Finally, Invesco Ltd. acquired a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $1,363,000. Institutional investors own 36.37% of the company's stock.

Insider Activity at FS Credit Opportunities

In other news, Director Keith Bethel acquired 5,000 shares of FS Credit Opportunities stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $139,200. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

FS Credit Opportunities Stock Performance

Shares of FSCO traded up $0.07 during midday trading on Friday, hitting $6.73. 341,895 shares of the company's stock traded hands, compared to its average volume of 784,131. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.16. The firm's fifty day moving average is $6.80 and its 200-day moving average is $6.76.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.0645 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.77 annualized dividend and a dividend yield of 11.51%.

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.