Blackstone Inc. Invests $11.34 Million in FS Credit Opportunities Corp. (NYSE:FSCO)

Blackstone Inc. bought a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,662,945 shares of the company's stock, valued at approximately $11,341,000. Blackstone Inc. owned about 0.48% of FS Credit Opportunities at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC boosted its position in FS Credit Opportunities by 71.1% during the third quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock valued at $154,000 after buying an additional 10,103 shares during the period. Park Avenue Securities LLC bought a new stake in shares of FS Credit Opportunities in the 4th quarter valued at about $82,000. PFG Investments LLC boosted its holdings in FS Credit Opportunities by 92.0% during the 4th quarter. PFG Investments LLC now owns 163,974 shares of the company's stock valued at $1,118,000 after acquiring an additional 78,570 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in FS Credit Opportunities by 689.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock worth $679,000 after acquiring an additional 93,363 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in FS Credit Opportunities by 87.4% in the 4th quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company's stock worth $1,063,000 after purchasing an additional 72,144 shares during the period. Hedge funds and other institutional investors own 36.37% of the company's stock.

Insider Buying and Selling at FS Credit Opportunities

In related news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction on 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 $139,200. This represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Stock Up 0.3 %

Shares of FS Credit Opportunities stock traded up $0.02 on Friday, hitting $7.10. The stock had a trading volume of 844,629 shares, compared to its average volume of 798,627. The stock's 50-day simple moving average is $6.80 and its two-hundred day simple moving average is $6.78. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.21.

FS Credit Opportunities Dividend Announcement

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

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.