Moors & Cabot Inc. Boosts Stake in FS Credit Opportunities Corp. (NYSE:FSCO)

Moors & Cabot Inc. boosted its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 16.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,417 shares of the company’s stock after acquiring an additional 4,798 shares during the period. Moors & Cabot Inc.’s holdings in FS Credit Opportunities were worth $235,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new stake in shares of FS Credit Opportunities during the 4th quarter valued at $3,255,000. Raymond James Financial Inc. acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at $3,128,000. Geneos Wealth Management Inc. acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at $2,252,000. Apollon Wealth Management LLC increased its position in shares of FS Credit Opportunities by 781.3% in the 4th quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company’s stock valued at $1,531,000 after acquiring an additional 199,072 shares during the period. Finally, Grimes & Company Inc. acquired a new position in shares of FS Credit Opportunities in the 4th quarter valued at $970,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

NYSE FSCO opened at $6.97 on Monday. The stock’s fifty day moving average price is $6.93 and its 200 day moving average price is $6.69. FS Credit Opportunities Corp. has a 1 year low of $5.66 and a 1 year high of $7.12.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a $0.0645 dividend. This represents a $0.77 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Monday, March 24th.

Insider Activity at FS Credit Opportunities

In related news, Director Keith Bethel purchased 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $6.96 per share, with a total value of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

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.