Transce3nd LLC cut its holdings in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 77.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,323 shares of the company's stock after selling 109,470 shares during the period. Transce3nd LLC's holdings in FS Credit Opportunities were worth $221,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in FSCO. Blackstone Inc. bought a new position in shares of FS Credit Opportunities in the fourth quarter valued at $11,341,000. Bensler LLC bought a new position in shares of FS Credit Opportunities in the first quarter valued at $4,013,000. Raymond James Financial Inc. bought a new position in shares of FS Credit Opportunities in the fourth quarter valued at $3,128,000. Advisors Asset Management Inc. grew its stake in shares of FS Credit Opportunities by 146.5% in the fourth quarter. Advisors Asset Management Inc. now owns 513,008 shares of the company's stock valued at $3,499,000 after buying an additional 304,902 shares in the last quarter. Finally, Certior Financial Group LLC bought a new position in shares of FS Credit Opportunities in the fourth quarter valued at $1,859,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.
FS Credit Opportunities Trading Down 0.2%
FSCO stock traded down $0.02 during midday trading on Friday, reaching $7.20. 1,033,050 shares of the company were exchanged, compared to its average volume of 823,902. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.35. The business has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $6.97.
FS Credit Opportunities Increases Dividend
The business also recently declared 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 represents a $0.81 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date is Thursday, July 24th. This is an increase from FS Credit Opportunities's previous monthly dividend of $0.06.
FS Credit Opportunities 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.
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