Riverbridge Partners LLC Acquires New Position in FS Credit Opportunities Corp. $FSCO

Key Points

• Riverbridge Partners LLC acquired a new 210,844-share stake in FS Credit Opportunities (NYSE:FSCO) in Q4, valued at about $1.33 million and representing roughly 0.11% ownership.
• Insider buying: Michael C. Forman bought 38,549 shares on Feb. 26 at $5.20 (now owns 44,312 shares), and insiders bought 44,049 shares in the past 90 days, though insiders still hold only 0.27% of the company.
• Dividend and stock snapshot: FSCO declared a monthly dividend of $0.0583 (ex-dividend Mar. 24), implying an annualized yield of ~13.8%, while the stock recently traded around $5.06 with a 12-month range of $4.13–$7.65.

Riverbridge Partners LLC acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 210,844 shares of the company's stock, valued at approximately $1,328,000. Riverbridge Partners LLC owned 0.11% of FS Credit Opportunities at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in shares of FS Credit Opportunities by 5.0% during the first quarter. Focus Partners Wealth now owns 80,960 shares of the company's stock worth $571,000 after acquiring an additional 3,839 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of FS Credit Opportunities by 2.3% in the second quarter. J.W. Cole Advisors Inc. now owns 145,511 shares of the company's stock valued at $1,056,000 after purchasing an additional 3,333 shares during the period. Bare Financial Services Inc bought a new position in FS Credit Opportunities in the second quarter worth approximately $213,000. Wealthedge Investment Advisors LLC grew its stake in FS Credit Opportunities by 15.8% in the second quarter. Wealthedge Investment Advisors LLC now owns 22,029 shares of the company's stock worth $160,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Van Hulzen Asset Management LLC purchased a new position in FS Credit Opportunities during the 2nd quarter worth $208,000. 36.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FS Credit Opportunities

In other FS Credit Opportunities news, insider Michael C. Forman acquired 38,549 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost of $5.20 per share, with a total value of $200,454.80. Following the completion of the purchase, the insider directly owned 44,312 shares in the company, valued at $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 44,049 shares of company stock valued at $231,215 in the last ninety days. Insiders own 0.27% of the company's stock.

FS Credit Opportunities Stock Up 2.1%

Shares of NYSE FSCO opened at $5.06 on Friday. FS Credit Opportunities Corp. has a twelve month low of $4.13 and a twelve month high of $7.65. The business has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $6.19.

FS Credit Opportunities Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a $0.0583 dividend. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Tuesday, March 24th.

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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