FS Credit Opportunities (NYSE:FSCO) Sets New 52-Week High – Should You Buy?

FS Credit Opportunities Corp. (NYSE:FSCO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $6.75 and last traded at $6.75, with a volume of 218236 shares changing hands. The stock had previously closed at $6.64.

FS Credit Opportunities Stock Up 2.0 %

The stock’s 50 day moving average price is $6.57 and its two-hundred day moving average price is $6.40.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date is Thursday, November 21st.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the sale, the chief executive officer now owns 13,437 shares of the company’s stock, valued at $82,100.07. The trade was a 88.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Venture Visionary Partners LLC raised its position in shares of FS Credit Opportunities by 10.1% in the third quarter. Venture Visionary Partners LLC now owns 17,358 shares of the company’s stock valued at $110,000 after purchasing an additional 1,587 shares during the period. Cornerstone Wealth Management LLC raised its holdings in FS Credit Opportunities by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 247,720 shares of the company’s stock worth $1,573,000 after acquiring an additional 1,687 shares during the period. WR Wealth Planners LLC lifted its position in FS Credit Opportunities by 14.2% during the 2nd quarter. WR Wealth Planners LLC now owns 15,740 shares of the company’s stock worth $100,000 after acquiring an additional 1,955 shares during the last quarter. McAdam LLC boosted its holdings in 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 period. Finally, Levy Wealth Management Group LLC grew its position in shares of FS Credit Opportunities by 3.0% in the second quarter. Levy Wealth Management Group LLC now owns 92,036 shares of the company’s stock valued at $586,000 after purchasing an additional 2,688 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Company 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.