FS Credit Opportunities Corp. $FSCO Shares Sold by Thomas J. Herzfeld Advisors Inc.

Key Points

• Thomas J. Herzfeld Advisors Inc. reduced its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 2.9% to 3,144,864 shares, representing approximately 7.5% of its portfolio.
• FS Credit Opportunities Corp. announced a monthly dividend of $0.0678, translating to an annualized yield of 10.9%, with the ex-dividend date set for August 22nd.
• Institutional investors currently hold 36.37% of FS Credit Opportunities shares, with several firms like Compound Planning Inc. and Raymond James Financial Inc. increasing their stakes in the first quarter.

Thomas J. Herzfeld Advisors Inc. decreased its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,144,864 shares of the company's stock after selling 92,385 shares during the quarter. FS Credit Opportunities comprises about 7.5% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 2nd largest holding. Thomas J. Herzfeld Advisors Inc. owned about 0.92% of FS Credit Opportunities worth $22,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of FS Credit Opportunities by 0.7% during the first quarter. LPL Financial LLC now owns 2,730,010 shares of the company's stock valued at $19,247,000 after purchasing an additional 19,393 shares in the last quarter. Vista Finance LLC increased its stake in FS Credit Opportunities by 14.3% in the 1st quarter. Vista Finance LLC now owns 1,955,812 shares of the company's stock worth $13,788,000 after purchasing an additional 244,793 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in FS Credit Opportunities by 8.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,909,783 shares of the company's stock valued at $13,464,000 after acquiring an additional 156,078 shares in the last quarter. Blackstone Inc. purchased a new position in FS Credit Opportunities during the 4th quarter valued at about $11,341,000. Finally, Ellis Investment Partners LLC grew its stake in FS Credit Opportunities by 0.5% during the 1st quarter. Ellis Investment Partners LLC now owns 816,649 shares of the company's stock valued at $5,757,000 after acquiring an additional 4,021 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%

NYSE:FSCO traded down $0.03 on Friday, hitting $7.50. 1,071,943 shares of the company's stock traded hands, compared to its average volume of 911,912. The firm has a 50-day moving average price of $7.33 and a 200-day moving average price of $7.07. FS Credit Opportunities Corp. has a 1 year low of $5.29 and a 1 year high of $7.65.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 22nd were paid a $0.0678 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a c) annualized dividend and a dividend yield of 10.9%.

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.