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 bought a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Private Portfolio Partners LLC bought a new position in shares of FS Credit Opportunities during the 4th quarter worth approximately $72,000. Global Assets Advisory LLC bought a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $77,000. Curran Financial Partners LLC bought a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $78,000. Freestate Advisors LLC bought a new position in shares of FS Credit Opportunities during the 1st quarter worth approximately $85,000. Finally, Sunbelt Securities Inc. grew its stake in shares of FS Credit Opportunities by 101.4% during the 4th quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company's stock worth $88,000 after acquiring an additional 6,617 shares in the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Price Performance

Shares of FSCO traded down $0.02 during mid-day trading on Friday, hitting $7.43. 678,476 shares of the company's stock were exchanged, compared to its average volume of 925,403. FS Credit Opportunities Corp. has a 52 week low of $5.29 and a 52 week high of $7.57. The company has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $7.00.

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 paid a $0.0678 dividend. This is a boost from FS Credit Opportunities's previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend was Thursday, July 24th.

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.