FS Credit Opportunities (NYSE:FSCO) Sees Unusually-High Trading Volume

FS Credit Opportunities Corp. (NYSE:FSCO) saw strong trading volume on Monday . 700,682 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 661,476 shares.The stock last traded at $5.89 and had previously closed at $6.24.

FS Credit Opportunities Trading Down 0.8 %

The company has a 50 day moving average of $6.36 and a 200 day moving average of $6.06.

FS Credit Opportunities Announces Dividend

The company also recently announced 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 11.98%.

Insider Buying and Selling

In other FS Credit Opportunities news, Director Barbara J. Fouss bought 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average price of $6.40 per share, with a total value of $38,400.00. Following the completion of the acquisition, the director now directly owns 27,130 shares of the company’s stock, valued at approximately $173,632. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On FS Credit Opportunities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSCO. Nomura Holdings Inc. lifted its position in shares of FS Credit Opportunities by 1,134.0% during the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after buying an additional 6,208,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in FS Credit Opportunities by 9.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock worth $34,656,000 after purchasing an additional 495,409 shares during the period. Cetera Investment Advisers grew its position in FS Credit Opportunities by 2,693.8% during the 1st quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after purchasing an additional 2,941,488 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in FS Credit Opportunities by 147.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,728,576 shares of the company’s stock valued at $9,801,000 after purchasing an additional 1,030,881 shares during the period. Finally, Vista Finance LLC raised its holdings in shares of FS Credit Opportunities by 865.7% in the second quarter. Vista Finance LLC now owns 1,609,868 shares of the company’s stock valued at $10,255,000 after buying an additional 1,443,169 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

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.