Signal Advisors Wealth LLC Acquires New Position in FS Credit Opportunities Corp. $FSCO

Key Points

• Signal Advisors Wealth LLC invested approximately $507,000 in FS Credit Opportunities Corp. during the second quarter, acquiring 69,900 shares.
• FS Credit Opportunities Corp. announced a dividend of $0.0678 per share, resulting in an impressive dividend yield of 1,040.0%, with the payment scheduled for September 30th.
• The company's stock opened at $7.40 and has seen a fifty-two week range between $5.29 and $7.65.

Signal Advisors Wealth LLC purchased a new stake in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 69,900 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds have also modified their holdings of FSCO. Sunbelt Securities Inc. lifted its holdings in shares of FS Credit Opportunities by 101.4% in the 4th quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company's stock valued at $88,000 after buying an additional 6,617 shares during the period. Ameriflex Group Inc. purchased a new position in FS Credit Opportunities in the 4th quarter valued at approximately $133,000. Liberty Square Wealth Partners LLC purchased a new position in FS Credit Opportunities in the 4th quarter valued at approximately $237,000. Jefferies Financial Group Inc. purchased a new position in FS Credit Opportunities in the 4th quarter valued at approximately $136,000. Finally, BridgePort Financial Solutions LLC purchased a new position in FS Credit Opportunities in the 4th quarter valued at approximately $100,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Performance

NYSE FSCO traded down $0.03 during mid-day trading on Tuesday, hitting $7.30. The stock had a trading volume of 292,412 shares, compared to its average volume of 902,800. The company has a 50 day simple moving average of $7.40 and a 200 day simple moving average of $7.13. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65.

FS Credit Opportunities Announces Dividend

The business also recently declared a sep 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be given a dividend of $0.0678 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a yield of 1,115.0%.

FS Credit Opportunities Company 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.