Geneos Wealth Management Inc. Has $774,000 Stock Holdings in FS Credit Opportunities Corp. $FSCO

Key Points

• Geneos Wealth Management cut its stake in FS Credit Opportunities (NYSE: FSCO) by 78.3% in Q4 and now owns 122,855 shares worth about $774,000 (roughly 0.06% of the company).
• Insider Michael C. Forman bought 38,549 shares at an average of $5.20 (raising his holdings to 44,312 shares), a reported 668.91% increase in his position.
• FSCO declared a monthly dividend of $0.0583 per share (ex-dividend April 23, pay April 30), implying an annualized yield of about 13.8%.

Geneos Wealth Management Inc. trimmed its position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 78.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,855 shares of the company's stock after selling 442,071 shares during the period. Geneos Wealth Management Inc. owned approximately 0.06% of FS Credit Opportunities worth $774,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Diversified Enterprises LLC acquired a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $831,000. Absolute Investment Advisers LLC bought a new position in shares of FS Credit Opportunities in the 4th quarter worth $1,995,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of FS Credit Opportunities by 2.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 358,852 shares of the company's stock worth $2,261,000 after purchasing an additional 7,879 shares in the last quarter. Merit Financial Group LLC grew its position in FS Credit Opportunities by 1.9% in the 4th quarter. Merit Financial Group LLC now owns 183,301 shares of the company's stock valued at $1,155,000 after purchasing an additional 3,412 shares during the period. Finally, CWM LLC grew its position in FS Credit Opportunities by 10.0% in the 4th quarter. CWM LLC now owns 280,986 shares of the company's stock valued at $1,770,000 after purchasing an additional 25,434 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FS Credit Opportunities

In related news, insider Michael C. Forman acquired 38,549 shares of the firm's stock in a transaction on Thursday, February 26th. The stock was purchased at an average cost of $5.20 per share, with a total value of $200,454.80. Following the acquisition, the insider owned 44,312 shares of the company's stock, valued at approximately $230,422.40. This trade represents a 668.91% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company's stock.

FS Credit Opportunities Stock Performance

FSCO opened at $5.06 on Tuesday. The company's fifty day moving average price is $5.11 and its two-hundred day moving average price is $5.87. FS Credit Opportunities Corp. has a 1-year low of $4.13 and a 1-year high of $7.65.

FS Credit Opportunities (NYSE:FSCO - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.11 earnings per share for the quarter. The business had revenue of $57.34 million during the quarter.

FS Credit Opportunities Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be paid a dividend of $0.0583 per share. The ex-dividend date is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 13.8%.

FS Credit Opportunities Profile

FS Credit Opportunities Fund Inc NYSE: FSCO is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.

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