FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $6.98 and last traded at $6.96, with a volume of 845189 shares changing hands. The stock had previously closed at $6.88.
FS Credit Opportunities Price Performance
The firm has a 50-day moving average of $6.80 and a 200 day moving average of $6.77.
FS Credit Opportunities Announces Dividend
The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.0645 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.77 annualized dividend and a yield of 11.17%.
Insiders Place Their Bets
In other news, Director Keith Bethel acquired 5,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $139,200. This represents a 33.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.
Institutional Investors Weigh In On FS Credit Opportunities
Several hedge funds and other institutional investors have recently bought and sold shares of FSCO. J.W. Cole Advisors Inc. bought a new stake in shares of FS Credit Opportunities in the 1st quarter worth approximately $1,002,000. IFP Advisors Inc increased its stake in FS Credit Opportunities by 11.2% in the 1st quarter. IFP Advisors Inc now owns 50,166 shares of the company's stock worth $354,000 after purchasing an additional 5,042 shares in the last quarter. Independent Wealth Network Inc. raised its holdings in FS Credit Opportunities by 9.6% during the 1st quarter. Independent Wealth Network Inc. now owns 55,482 shares of the company's stock worth $391,000 after buying an additional 4,875 shares during the period. Summit X LLC lifted its stake in FS Credit Opportunities by 6.5% during the first quarter. Summit X LLC now owns 27,829 shares of the company's stock valued at $196,000 after buying an additional 1,695 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of FS Credit Opportunities by 4.9% in the first quarter. Apollon Wealth Management LLC now owns 235,505 shares of the company's stock worth $1,660,000 after buying an additional 10,952 shares during the period. 36.37% of the stock is currently owned by institutional investors.
About FS Credit Opportunities
(
Get 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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