Sequoia Financial Advisors LLC Trims Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Sequoia Financial Advisors LLC cut its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,538 shares of the company’s stock after selling 20,505 shares during the period. Sequoia Financial Advisors LLC’s holdings in FS Credit Opportunities were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vista Finance LLC grew its position in FS Credit Opportunities by 2.0% during the 4th quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after purchasing an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC boosted its stake in shares of FS Credit Opportunities by 1.7% during the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after buying an additional 13,624 shares during the period. Noble Wealth Management PBC purchased a new position in shares of FS Credit Opportunities during the fourth quarter worth about $3,255,000. Raymond James Financial Inc. acquired a new position in FS Credit Opportunities in the 4th quarter valued at about $3,128,000. Finally, Stratos Wealth Partners LTD. raised its stake in FS Credit Opportunities by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock valued at $2,299,000 after acquiring an additional 2,888 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Trading Up 0.5 %

Shares of FSCO stock opened at $7.02 on Tuesday. The business’s 50 day moving average is $6.94 and its two-hundred day moving average is $6.70. FS Credit Opportunities Corp. has a twelve month low of $5.66 and a twelve month high of $7.12.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a $0.0645 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.77 annualized dividend and a yield of 11.03%.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $6.96 per share, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

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.