Focus Financial Network Inc. Sells 3,531 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Focus Financial Network Inc. decreased its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 24.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,679 shares of the company’s stock after selling 3,531 shares during the quarter. Focus Financial Network Inc.’s holdings in FS Credit Opportunities were worth $73,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSCO. Spire Wealth Management acquired a new stake in shares of FS Credit Opportunities during the 4th quarter valued at $39,000. Truvestments Capital LLC acquired a new stake in shares of FS Credit Opportunities during the third quarter valued at about $52,000. PSI Advisors LLC grew its holdings in shares of 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 purchasing an additional 4,146 shares during the last quarter. Nwam LLC bought a new position in FS Credit Opportunities in the 3rd quarter valued at approximately $66,000. Finally, Compass Ion Advisors LLC acquired a new stake in FS Credit Opportunities during the 3rd quarter worth approximately $81,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Bethel purchased 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 in the company, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

FS Credit Opportunities Price Performance

FSCO opened at $6.95 on Friday. The company’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $6.58. FS Credit Opportunities Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $7.12.

FS Credit Opportunities Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a yield of 11.14%. The ex-dividend date of this dividend is Friday, February 21st.

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.