FS Credit Opportunities (NYSE:FSCO) Reaches New 12-Month High at $6.04

Shares of FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $6.04 and last traded at $6.01, with a volume of 357957 shares. The stock had previously closed at $5.93.

FS Credit Opportunities Stock Down 0.4 %

The company has a 50 day simple moving average of $5.80 and a two-hundred day simple moving average of $5.67.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.19%.

Insider Activity

In other news, Director Barbara J. Fouss bought 11,000 shares of the stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the transaction, the director now owns 21,130 shares of the company's stock, valued at $124,033.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Keith Bethel purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at $66,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $5.87 per share, with a total value of $64,570.00. Following the completion of the transaction, the director now owns 21,130 shares of the company's stock, valued at $124,033.10. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of FS Credit Opportunities

A number of institutional investors have recently bought and sold shares of FSCO. Sunbelt Securities Inc. lifted its position in FS Credit Opportunities by 54.5% in the second quarter. Sunbelt Securities Inc. now owns 5,616 shares of the company's stock worth $27,000 after buying an additional 1,980 shares during the last quarter. Mather Group LLC. bought a new stake in FS Credit Opportunities in the first quarter worth $31,000. ICA Group Wealth Management LLC bought a new stake in FS Credit Opportunities in the fourth quarter worth $35,000. PSI Advisors LLC lifted its position in FS Credit Opportunities by 60.3% in the third quarter. PSI Advisors LLC now owns 6,646 shares of the company's stock worth $36,000 after buying an additional 2,500 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc purchased a new stake in FS Credit Opportunities in the second quarter worth $49,000. 36.37% of the stock is currently owned by institutional investors.

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.