Geneos Wealth Management Inc. Acquires 300,660 Shares of 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 first 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 acquiring an additional 300,660 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.18% of FS Credit Opportunities worth $4,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Private Portfolio Partners LLC bought a new stake in shares of FS Credit Opportunities during the fourth quarter valued at approximately $72,000. Global Assets Advisory LLC bought a new stake in FS Credit Opportunities during the first quarter worth $77,000. Curran Financial Partners LLC bought a new stake in FS Credit Opportunities during the first quarter worth $78,000. Freestate Advisors LLC bought a new stake in FS Credit Opportunities during the first quarter worth $85,000. Finally, Sunbelt Securities Inc. grew its holdings in FS Credit Opportunities by 101.4% during the fourth quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company's stock worth $88,000 after buying an additional 6,617 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company's stock.

FS Credit Opportunities Trading Down 0.3%

FS Credit Opportunities stock traded down $0.02 during trading on Friday, hitting $7.43. 678,476 shares of the company were exchanged, compared to its average volume of 925,403. The business's 50 day moving average is $7.24 and its 200 day moving average is $7.01. FS Credit Opportunities Corp. has a 52 week low of $5.29 and a 52 week high of $7.57.

FS Credit Opportunities Increases Dividend

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

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.