Private Advisor Group LLC Has $1.65 Million Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Key Points

• Private Advisor Group LLC reduced its holdings in FS Credit Opportunities Corp. by 14.6%, selling 40,140 shares during the first quarter and owning approximately 0.07% of the company valued at $1,650,000.
• In addition to Private Advisor Group, several other institutional investors purchased new stakes in FS Credit Opportunities, with the highest coming from Freestate Advisors LLC, which invested about $85,000.
• FS Credit Opportunities announced an increase in its monthly dividend, now at $0.0678 per share, representing an annualized yield of 10.97%, up from the previous monthly dividend of $0.06.

Private Advisor Group LLC cut its position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,978 shares of the company's stock after selling 40,140 shares during the period. Private Advisor Group LLC owned approximately 0.07% of FS Credit Opportunities worth $1,650,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Independent Wealth Network Inc. boosted its holdings in FS Credit Opportunities by 9.6% in the first quarter. Independent Wealth Network Inc. now owns 55,482 shares of the company's stock valued at $391,000 after purchasing an additional 4,875 shares during the period. Summit X LLC increased its position in FS Credit Opportunities by 6.5% during the 1st quarter. Summit X LLC now owns 27,829 shares of the company's stock worth $196,000 after purchasing an additional 1,695 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of FS Credit Opportunities by 4.9% during the 1st quarter. Apollon Wealth Management LLC now owns 235,505 shares of the company's stock worth $1,660,000 after acquiring an additional 10,952 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in FS Credit Opportunities by 15.8% in the 1st quarter. Bleakley Financial Group LLC now owns 60,596 shares of the company's stock valued at $427,000 after acquiring an additional 8,265 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of FS Credit Opportunities by 27.0% during the 1st quarter. Cerity Partners LLC now owns 43,432 shares of the company's stock worth $306,000 after buying an additional 9,227 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Performance

Shares of FSCO stock traded down $0.01 during trading hours on Tuesday, hitting $7.41. 196,949 shares of the company were exchanged, compared to its average volume of 925,909. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.57. The business's 50-day simple moving average is $7.21 and its two-hundred day simple moving average is $6.99.

FS Credit Opportunities Increases Dividend

The company 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 $0.0678 dividend. This is a positive change from FS Credit Opportunities's previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $0.81 dividend on an annualized basis and a yield of 10.99%.

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.