Marcum Wealth LLC Increases Stock Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Marcum Wealth LLC increased its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,106 shares of the company’s stock after acquiring an additional 4,548 shares during the quarter. Marcum Wealth LLC’s holdings in FS Credit Opportunities were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC increased its holdings in shares of FS Credit Opportunities by 2.3% during the first quarter. Cetera Advisors LLC now owns 1,294,009 shares of the company’s stock valued at $7,673,000 after acquiring an additional 28,563 shares in the last quarter. Cetera Investment Advisers raised its position in FS Credit Opportunities by 2,693.8% in the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after buying an additional 2,941,488 shares during the last quarter. Investmark Advisory Group LLC raised its position in FS Credit Opportunities by 14.1% in the 1st quarter. Investmark Advisory Group LLC now owns 140,942 shares of the company’s stock worth $836,000 after buying an additional 17,393 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in FS Credit Opportunities in the 1st quarter worth about $65,000. Finally, Alpine Global Management LLC raised its position in FS Credit Opportunities by 44.6% in the 1st quarter. Alpine Global Management LLC now owns 332,500 shares of the company’s stock worth $1,972,000 after buying an additional 102,500 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Insider Activity at FS Credit Opportunities

In related news, Director Barbara J. Fouss acquired 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $6.40 per share, for a total transaction of $38,400.00. Following the purchase, the director now owns 27,130 shares in the company, valued at approximately $173,632. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

FS Credit Opportunities Price Performance

Shares of NYSE FSCO traded down $0.25 during midday trading on Monday, hitting $5.99. 2,213,827 shares of the company’s stock traded hands, compared to its average volume of 671,632. FS Credit Opportunities Corp. has a 1 year low of $5.00 and a 1 year high of $6.64. The firm has a fifty day moving average of $6.37 and a 200 day moving average of $6.05.

FS Credit Opportunities Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.02%.

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.