Geneos Wealth Management Inc. Makes New $2.25 Million Investment in FS Credit Opportunities Corp. (NYSE:FSCO)

Geneos Wealth Management Inc. purchased a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 330,153 shares of the company’s stock, valued at approximately $2,252,000. Geneos Wealth Management Inc. owned 0.10% of FS Credit Opportunities at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in FS Credit Opportunities during the 3rd quarter valued at approximately $52,000. PSI Advisors LLC boosted its stake in shares of FS Credit Opportunities by 118.5% in the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after purchasing an additional 4,146 shares during the last quarter. Nwam LLC acquired a new stake in shares of FS Credit Opportunities during the third quarter worth $66,000. Compass Ion Advisors LLC bought a new position in FS Credit Opportunities during the third quarter worth $81,000. Finally, Park Avenue Securities LLC acquired a new position in FS Credit Opportunities in the fourth quarter valued at $82,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Trading Down 1.5 %

Shares of FS Credit Opportunities stock opened at $6.96 on Monday. The business has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $6.53. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12.

FS Credit Opportunities Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.0645 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.77 annualized dividend and a yield of 11.13%. This is a boost from FS Credit Opportunities’s previous monthly dividend of $0.06.

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.