Wells Fargo & Company MN Grows Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Wells Fargo & Company MN lifted its position in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report) by 894.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,508 shares of the company's stock after purchasing an additional 125,486 shares during the quarter. Wells Fargo & Company MN's holdings in FS Credit Opportunities were worth $951,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of FS Credit Opportunities by 71.1% during the 3rd quarter. Jane Street Group LLC now owns 24,309 shares of the company's stock valued at $154,000 after purchasing an additional 10,103 shares during the last quarter. ORG Partners LLC grew its holdings in shares of FS Credit Opportunities by 2,706.2% in the fourth 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 boosted its position in FS Credit Opportunities by 689.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,900 shares of the company's stock valued at $679,000 after buying an additional 93,363 shares during the period. PSI Advisors LLC increased its position in shares of FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company's stock valued at $52,000 after acquiring an additional 4,146 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of FS Credit Opportunities during the fourth quarter valued at about $82,000. Institutional investors own 36.37% of the company's stock.

FS Credit Opportunities Stock Down 0.9 %

NYSE:FSCO traded down $0.06 during mid-day trading on Monday, reaching $6.99. 178,414 shares of the company's stock traded hands, compared to its average volume of 967,771. The company has a 50 day moving average price of $6.79 and a 200-day moving average price of $6.77. FS Credit Opportunities Corp. has a 12-month low of $5.29 and a 12-month high of $7.16.

FS Credit Opportunities Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd were paid a $0.0645 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date was Wednesday, April 23rd.

Insider Activity at FS Credit Opportunities

In other news, Director Keith Bethel bought 5,000 shares of FS Credit Opportunities stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $139,200. The trade was a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

About FS Credit Opportunities

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.