FS Credit Opportunities Corp. $FSCO Shares Sold by Endowment Wealth Management Inc.

Key Points

• Endowment Wealth Management Inc. significantly reduced its stake in FS Credit Opportunities Corp. by 80.8% during the second quarter, now holding 10,317 shares valued at approximately $75,000.
• In addition to Endowment Wealth Management, several other institutional investors acquired new positions in FS Credit Opportunities, with total institutional holdings accounting for 36.37% of the company's stock.
• The company has recently declared an 11.8% annualized dividend, set to be paid on November 28th, 2023, with a record date of November 20th.

Endowment Wealth Management Inc. reduced its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 80.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,317 shares of the company's stock after selling 43,385 shares during the period. Endowment Wealth Management Inc.'s holdings in FS Credit Opportunities were worth $75,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FS Credit Opportunities in the second quarter valued at $35,000. Global Assets Advisory LLC purchased a new position in FS Credit Opportunities in the first quarter valued at approximately $77,000. Curran Financial Partners LLC acquired a new position in FS Credit Opportunities during the first quarter valued at approximately $78,000. WPG Advisers LLC purchased a new stake in FS Credit Opportunities during the first quarter worth approximately $84,000. Finally, Andina Capital Management LLC acquired a new stake in shares of FS Credit Opportunities in the first quarter worth $85,000. Institutional investors and hedge funds own 36.37% of the company's stock.

FS Credit Opportunities Stock Performance

NYSE:FSCO opened at $6.89 on Monday. The firm's fifty day simple moving average is $7.28 and its 200 day simple moving average is $7.12. FS Credit Opportunities Corp. has a twelve month low of $5.29 and a twelve month high of $7.65.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be given a dividend of $0.0678 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) annualized dividend and a yield of 11.8%.

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.

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