Sit Investment Associates Inc. Has $26.77 Million Stock Position in FS Credit Opportunities Corp. $FSCO

Key Points

• Sit Investment Associates Inc. has reduced its holdings in FS Credit Opportunities Corp. by 24.6%, now owning 3,797,537 shares worth approximately $26.77 million.
• The company announced a monthly dividend of $0.0678 per share, with a yield of 11.0%, payable to shareholders on August 29th.
• Currently, 36.37% of FS Credit Opportunities stocks are owned by institutional investors, with several firms increasing their stakes in the company during the recent quarters.

Sit Investment Associates Inc. trimmed its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 24.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,797,537 shares of the company's stock after selling 1,237,605 shares during the quarter. Sit Investment Associates Inc. owned approximately 1.11% of FS Credit Opportunities worth $26,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSCO. NewEdge Advisors LLC increased its holdings in shares of FS Credit Opportunities by 6.3% in the 4th quarter. NewEdge Advisors LLC now owns 25,033 shares of the company's stock worth $171,000 after acquiring an additional 1,473 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FS Credit Opportunities by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 113,825 shares of the company's stock worth $802,000 after acquiring an additional 1,597 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of FS Credit Opportunities by 10.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 16,439 shares of the company's stock worth $116,000 after acquiring an additional 1,605 shares during the period. Summit X LLC increased its holdings in shares of FS Credit Opportunities by 6.5% in the 1st quarter. Summit X LLC now owns 27,829 shares of the company's stock worth $196,000 after acquiring an additional 1,695 shares during the period. Finally, Liberty Square Wealth Partners LLC increased its holdings 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 worth $254,000 after acquiring an additional 1,702 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 0.2%

Shares of FSCO stock traded up $0.02 during trading hours on Monday, reaching $7.38. The stock had a trading volume of 901,865 shares, compared to its average volume of 914,185. FS Credit Opportunities Corp. has a twelve month low of $5.29 and a twelve month high of $7.65. The firm has a 50-day simple moving average of $7.29 and a 200-day simple moving average of $7.04.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.0678 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a c) annualized dividend 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.