FS Credit Opportunities (NYSE:FSCO) Hits New 52-Week High – Here’s What Happened

FS Credit Opportunities Corp. (NYSE:FSCO)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $6.75 and last traded at $6.66, with a volume of 485190 shares. The stock had previously closed at $6.66.

FS Credit Opportunities Stock Up 0.2 %

The company has a fifty day moving average of $6.44 and a 200 day moving average of $6.31.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend was Thursday, October 24th.

Insider Activity at FS Credit Opportunities

In other news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the transaction, the chief executive officer now directly owns 116,297 shares of the company’s stock, valued at approximately $715,226.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other FS Credit Opportunities news, CEO Michael C. Forman sold 218,961 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the transaction, the chief executive officer now owns 116,297 shares in the company, valued at $715,226.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the completion of the sale, the chief executive officer now directly owns 13,437 shares in the company, valued at approximately $82,100.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Institutional Trading of FS Credit Opportunities

A number of hedge funds have recently made changes to their positions in the stock. Venture Visionary Partners LLC lifted its position in FS Credit Opportunities by 10.1% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,358 shares of the company’s stock worth $110,000 after buying an additional 1,587 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in FS Credit Opportunities by 0.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 247,720 shares of the company’s stock valued at $1,573,000 after buying an additional 1,687 shares during the last quarter. Kovack Advisors Inc. grew its holdings in FS Credit Opportunities by 7.3% in the 1st quarter. Kovack Advisors Inc. now owns 26,500 shares of the company’s stock worth $157,000 after acquiring an additional 1,800 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of FS Credit Opportunities by 14.2% in the second quarter. WR Wealth Planners LLC now owns 15,740 shares of the company’s stock valued at $100,000 after acquiring an additional 1,955 shares during the period. Finally, McAdam LLC raised its stake in shares of FS Credit Opportunities by 4.4% during the third quarter. McAdam LLC now owns 63,209 shares of the company’s stock valued at $401,000 after acquiring an additional 2,645 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

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.