Bank of New York Mellon Corp Purchases Shares of 267,941 FS Credit Opportunities Corp. (NYSE:FSCO)

Key Points

• Bank of New York Mellon Corp acquired 267,941 shares of FS Credit Opportunities Corp., valued at approximately $1.89 million, representing about 0.08% of the company as of its latest SEC filing.
• The company recently increased its monthly dividend from $0.06 to $0.0678, resulting in an annualized dividend of $0.81 and a yield of 11.06%.
• FS Credit Opportunities Corp. has seen interest from other institutional investors, with notable stakes from Blackstone Inc. and Bensler LLC in recent quarters.

Bank of New York Mellon Corp purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 267,941 shares of the company's stock, valued at approximately $1,889,000. Bank of New York Mellon Corp owned approximately 0.08% of FS Credit Opportunities at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FSCO. Strategic Blueprint LLC boosted its stake in FS Credit Opportunities by 9.1% in the first quarter. Strategic Blueprint LLC now owns 113,690 shares of the company's stock valued at $802,000 after acquiring an additional 9,472 shares during the last quarter. Cannon Advisors Inc. boosted its stake in FS Credit Opportunities by 63.9% in the first quarter. Cannon Advisors Inc. now owns 19,307 shares of the company's stock valued at $136,000 after acquiring an additional 7,525 shares during the last quarter. Rossby Financial LCC purchased a new position in FS Credit Opportunities in the first quarter valued at about $150,000. Koshinski Asset Management Inc. boosted its stake in FS Credit Opportunities by 10.8% in the first quarter. Koshinski Asset Management Inc. now owns 16,439 shares of the company's stock valued at $116,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Naviter Wealth LLC boosted its stake in FS Credit Opportunities by 99.1% in the first quarter. Naviter Wealth LLC now owns 45,800 shares of the company's stock valued at $327,000 after acquiring an additional 22,800 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO traded down $0.02 during midday trading on Friday, hitting $7.43. The company's stock had a trading volume of 678,476 shares, compared to its average volume of 925,403. The stock has a fifty day moving average price of $7.24 and a 200 day moving average price of $7.01. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.57.

FS Credit Opportunities Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 24th were issued a dividend of $0.0678 per share. This is a boost from FS Credit Opportunities's previous monthly dividend of $0.06. The ex-dividend date of this dividend was Thursday, July 24th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

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.