Kovack Advisors Inc. Purchases 90,800 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Kovack Advisors Inc. lifted its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 109.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,100 shares of the company's stock after acquiring an additional 90,800 shares during the quarter. Kovack Advisors Inc. owned approximately 0.05% of FS Credit Opportunities worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Private Portfolio Partners LLC acquired a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $72,000. Curran Financial Partners LLC purchased a new position in FS Credit Opportunities in the first quarter worth $78,000. Global Assets Advisory LLC purchased a new position in FS Credit Opportunities in the first quarter worth $77,000. Freestate Advisors LLC purchased a new position in FS Credit Opportunities in the first quarter worth $85,000. Finally, Sunbelt Securities Inc. raised its stake in shares of FS Credit Opportunities by 101.4% in the fourth quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company's stock valued at $88,000 after buying an additional 6,617 shares during the period. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Stock Performance

Shares of FSCO traded down $0.03 during mid-day trading on Friday, hitting $7.42. The stock had a trading volume of 707,037 shares, compared to its average volume of 932,684. FS Credit Opportunities Corp. has a 52 week low of $5.29 and a 52 week high of $7.57. The business has a fifty day moving average price of $7.20 and a 200-day moving average price of $6.98.

FS Credit Opportunities Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be paid a dividend of $0.0678 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 10.97%. This is a positive change from FS Credit Opportunities's previous monthly dividend of $0.06. The ex-dividend date is Thursday, July 24th.

FS Credit Opportunities Company 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.