FS Credit Opportunities (NYSE:FSCO) Sets New 52-Week Low - Should You Sell?

Key Points

• FS Credit Opportunities (NYSE:FSCO) hit a new 52-week low, trading as low as $5.17 (last $5.1620) and sitting well below its 50‑day ($6.14) and 200‑day ($6.59) moving averages.
• The fund declared a monthly dividend of $0.0678 per share (ex‑dividend and record date Feb 20), implying a high annualized yield of 15.6%.
• About 36.37% institutional ownership exists after several managers modestly increased stakes, and the fund typically invests at least 80% of assets in non‑investment grade corporate debt (high‑yield bonds and leveraged loans).

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.17 and last traded at $5.1620, with a volume of 1859906 shares changing hands. The stock had previously closed at $5.58.

FS Credit Opportunities Price Performance

The business has a 50 day simple moving average of $6.14 and a 200 day simple moving average of $6.59.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.0678 per share. This represents a c) annualized dividend and a dividend yield of 15.6%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On FS Credit Opportunities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. boosted its holdings in FS Credit Opportunities by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company's stock valued at $20,457,000 after acquiring an additional 210,736 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in FS Credit Opportunities by 2.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,223,806 shares of the company's stock valued at $23,405,000 after acquiring an additional 78,942 shares during the last quarter. Vista Finance LLC grew its holdings in FS Credit Opportunities by 5.6% during the 3rd quarter. Vista Finance LLC now owns 2,170,009 shares of the company's stock worth $14,995,000 after acquiring an additional 115,286 shares during the period. Envestnet Asset Management Inc. grew its holdings in FS Credit Opportunities by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,000,253 shares of the company's stock worth $14,522,000 after acquiring an additional 90,470 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of FS Credit Opportunities by 2.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,292,277 shares of the company's stock valued at $9,382,000 after acquiring an additional 36,521 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc NYSE: FSCO is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.

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