Geneos Wealth Management Inc. Has $4.77 Million Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Key Points

• Geneos Wealth Management Inc. increased its stake in FS Credit Opportunities Corp. by 91.1%, acquiring an additional 300,660 shares to hold a total of 630,813 shares valued at approximately $4.77 million.
• FS Credit Opportunities Corp. announced a monthly dividend increase to $0.0678 per share, which represents an annualized dividend of $0.81 and a dividend yield of 11.06%.
• The stock has a current price of $7.36 with a 52-week range between $5.29 and $7.57.

Geneos Wealth Management Inc. lifted its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 91.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,813 shares of the company's stock after purchasing an additional 300,660 shares during the quarter. Geneos Wealth Management Inc. owned about 0.18% of FS Credit Opportunities worth $4,771,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blackstone Inc. purchased a new position in FS Credit Opportunities in the fourth quarter worth $11,341,000. Bensler LLC acquired a new position in shares of FS Credit Opportunities during the 1st quarter worth $4,013,000. Raymond James Financial Inc. purchased a new stake in FS Credit Opportunities during the 4th quarter worth about $3,128,000. Certior Financial Group LLC purchased a new stake in FS Credit Opportunities during the 4th quarter worth about $1,859,000. Finally, Bank of New York Mellon Corp purchased a new stake in FS Credit Opportunities during the 1st quarter worth about $1,889,000. Hedge funds and other institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Performance

FS Credit Opportunities stock traded down $0.02 during midday trading on Friday, hitting $7.43. 678,476 shares of the company were exchanged, compared to its average volume of 925,403. The company's fifty day moving average price is $7.24 and its 200-day moving average price is $7.01. FS Credit Opportunities Corp. has a fifty-two week low of $5.29 and a fifty-two week high of $7.57.

FS Credit Opportunities Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 24th were paid a dividend of $0.0678 per share. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date was Thursday, July 24th. This is an increase from FS Credit Opportunities's previous monthly dividend of $0.06.

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.