FS Credit Opportunities (NYSE:FSCO) Trading 7.4% Higher – What’s Next?

FS Credit Opportunities Corp. (NYSE:FSCO) rose 7.4% during mid-day trading on Tuesday . The company traded as high as $6.36 and last traded at $6.26. Approximately 1,039,908 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 760,776 shares. The stock had previously closed at $5.83.

FS Credit Opportunities Price Performance

The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $6.76.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were given a $0.0645 dividend. This represents a $0.77 annualized dividend and a dividend yield of 12.80%. The ex-dividend date was Monday, March 24th.

Insider Activity at FS Credit Opportunities

In related news, Director Keith Bethel acquired 5,000 shares of FS Credit Opportunities stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $6.96 per share, with a total value of $34,800.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $139,200. This represents a 33.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FS Credit Opportunities

Large investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc grew its stake in shares of FS Credit Opportunities by 9.0% in the 1st quarter. AdvisorNet Financial Inc now owns 47,479 shares of the company’s stock valued at $335,000 after buying an additional 3,939 shares during the period. Marcum Wealth LLC grew its stake in FS Credit Opportunities by 4.8% in the first quarter. Marcum Wealth LLC now owns 56,711 shares of the company’s stock valued at $400,000 after acquiring an additional 2,605 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FS Credit Opportunities by 729.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company’s stock valued at $765,000 after acquiring an additional 98,691 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of FS Credit Opportunities in the 4th quarter worth $130,000. Finally, BridgePort Financial Solutions LLC acquired a new stake in FS Credit Opportunities in the 4th quarter valued at $100,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

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.