Financial Gravity Asset Management Inc. purchased a new position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,478 shares of the company's stock, valued at approximately $342,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its stake in FS Credit Opportunities by 7.4% in the first quarter. Allworth Financial LP now owns 49,191 shares of the company's stock valued at $328,000 after acquiring an additional 3,399 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of FS Credit Opportunities in the 1st quarter valued at $155,000. Liberty Square Wealth Partners LLC increased its stake in shares of FS Credit Opportunities by 5.0% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 35,959 shares of the company's stock valued at $254,000 after purchasing an additional 1,702 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of FS Credit Opportunities by 8.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,909,783 shares of the company's stock valued at $13,464,000 after purchasing an additional 156,078 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth $1,889,000. Institutional investors and hedge funds own 36.37% of the company's stock.
FS Credit Opportunities Stock Performance
NYSE:FSCO traded down $0.02 during trading hours on Friday, hitting $7.22. The company's stock had a trading volume of 709,293 shares, compared to its average volume of 838,952. FS Credit Opportunities Corp. has a twelve month low of $5.29 and a twelve month high of $7.35. The stock has a fifty day simple moving average of $7.16 and a 200-day simple moving average of $6.95.
FS Credit Opportunities Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be paid a $0.0678 dividend. This is an increase from FS Credit Opportunities's previous monthly dividend of $0.06. This represents a $0.81 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date is Thursday, July 24th.
FS Credit Opportunities Profile
(
Free Report)
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.
Featured Articles
Before you consider FS Credit Opportunities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FS Credit Opportunities wasn't on the list.
While FS Credit Opportunities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
