Key Financial Inc Acquires New Shares in FS Credit Opportunities Corp. (NYSE:FSCO)

Key Financial Inc acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,969 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vista Finance LLC increased its holdings in FS Credit Opportunities by 2.0% in the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock valued at $11,669,000 after purchasing an additional 34,190 shares during the last quarter. Ellis Investment Partners LLC increased its holdings in FS Credit Opportunities by 1.7% in the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock valued at $5,542,000 after purchasing an additional 13,624 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of FS Credit Opportunities by 1.4% in the third quarter. Private Advisor Group LLC now owns 781,108 shares of the company’s stock worth $4,960,000 after acquiring an additional 10,853 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of FS Credit Opportunities by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock worth $2,299,000 after acquiring an additional 2,888 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of FS Credit Opportunities in the fourth quarter worth about $2,252,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of FS Credit Opportunities stock opened at $6.95 on Wednesday. FS Credit Opportunities Corp. has a 1 year low of $5.61 and a 1 year high of $7.12. The business has a 50-day moving average of $6.84 and a two-hundred day moving average of $6.59.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.0645 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.77 annualized dividend and a dividend yield of 11.14%.

Insiders Place Their Bets

In other news, Director Keith Bethel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $139,200. This represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.