Raymond James Financial Inc. Takes Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Raymond James Financial Inc. acquired a new position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 458,654 shares of the company's stock, valued at approximately $3,128,000. Raymond James Financial Inc. owned approximately 0.13% of FS Credit Opportunities as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of FSCO. Jane Street Group LLC grew its holdings in FS Credit Opportunities by 71.1% during the third quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock worth $154,000 after acquiring an additional 10,103 shares during the period. ORG Partners LLC grew its stake in shares of FS Credit Opportunities by 2,706.2% in the 4th quarter. ORG Partners LLC now owns 40,971 shares of the company's stock worth $279,000 after purchasing an additional 39,511 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FS Credit Opportunities by 689.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock worth $679,000 after purchasing an additional 93,363 shares in the last quarter. PSI Advisors LLC boosted its holdings in FS Credit Opportunities by 118.5% during the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company's stock worth $52,000 after buying an additional 4,146 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in FS Credit Opportunities in the fourth quarter worth approximately $82,000. Institutional investors own 36.37% of the company's stock.

Insider Buying and Selling

In other news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $139,200. This trade represents a 33.33 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

FS Credit Opportunities Stock Performance

Shares of FSCO traded up $0.06 during trading hours on Friday, hitting $7.06. 570,196 shares of the company were exchanged, compared to its average volume of 787,679. The firm has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $6.77. FS Credit Opportunities Corp. has a one year low of $5.29 and a one year high of $7.16.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were given a $0.0645 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 10.96%.

FS Credit Opportunities 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.