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

FS Credit Opportunities logo with Financial Services background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FS Credit Opportunities (NYSE:FSCO)

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