1,662,945 Shares in FS Credit Opportunities Corp. (NYSE:FSCO) Purchased by Blackstone Inc.

Blackstone Inc. bought a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,662,945 shares of the company's stock, valued at approximately $11,341,000. Blackstone Inc. owned approximately 0.48% of FS Credit Opportunities at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in FS Credit Opportunities by 6.3% during 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. Consolidated Portfolio Review Corp grew its holdings in shares of FS Credit Opportunities by 1.8% during the fourth quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company's stock worth $695,000 after purchasing an additional 1,827 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of FS Credit Opportunities by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company's stock worth $2,299,000 after purchasing an additional 2,888 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of FS Credit Opportunities by 2.3% in the 4th quarter. Stifel Financial Corp now owns 136,449 shares of the company's stock valued at $931,000 after purchasing an additional 3,038 shares during the last quarter. Finally, True North Advisors LLC boosted its position in shares of FS Credit Opportunities by 11.1% in the 4th quarter. True North Advisors LLC now owns 31,470 shares of the company's stock valued at $215,000 after purchasing an additional 3,147 shares during the period. Hedge funds and other institutional investors own 36.37% of the company's stock.

Insiders Place Their Bets

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

FS Credit Opportunities Price Performance

NYSE FSCO traded up $0.02 on Friday, reaching $7.10. The stock had a trading volume of 844,629 shares, compared to its average volume of 796,429. FS Credit Opportunities Corp. has a 12-month low of $5.29 and a 12-month high of $7.21. The business's 50-day moving average price is $6.80 and its 200 day moving average price is $6.78.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 10.90%. The ex-dividend date of this dividend was Wednesday, April 23rd.

About FS Credit Opportunities

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.