Panoramic Investment Advisors LLC Reduces Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Panoramic Investment Advisors LLC lessened its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCOFree Report) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,306 shares of the company’s stock after selling 13,680 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in FS Credit Opportunities were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of FS Credit Opportunities by 12,435.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,303,255 shares of the company’s stock worth $20,440,000 after buying an additional 4,268,925 shares during the last quarter. Alpine Global Management LLC boosted its holdings in shares of FS Credit Opportunities by 693.3% in the third quarter. Alpine Global Management LLC now owns 1,176,000 shares of the company’s stock worth $6,374,000 after buying an additional 1,027,766 shares during the last quarter. Saba Capital Management L.P. boosted its holdings in shares of FS Credit Opportunities by 11.8% in the third quarter. Saba Capital Management L.P. now owns 7,907,125 shares of the company’s stock worth $42,857,000 after buying an additional 837,166 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of FS Credit Opportunities by 65.4% in the second quarter. Osaic Holdings Inc. now owns 1,817,239 shares of the company’s stock worth $8,649,000 after buying an additional 718,473 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of FS Credit Opportunities in the third quarter worth approximately $2,967,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of FSCO traded up $0.01 on Wednesday, reaching $5.87. The company’s stock had a trading volume of 535,795 shares, compared to its average volume of 696,004. The stock’s 50 day simple moving average is $5.79 and its two-hundred day simple moving average is $5.65. FS Credit Opportunities Corp. has a 12-month low of $4.14 and a 12-month high of $6.00.

FS Credit Opportunities Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 21st were issued a $0.06 dividend. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.27%.

Insider Buying and Selling

In other news, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $5.87 per share, with a total value of $64,570.00. Following the completion of the acquisition, the director now directly owns 21,130 shares of the company’s stock, valued at $124,033.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $5.87 per share, with a total value of $64,570.00. Following the completion of the acquisition, the director now directly owns 21,130 shares of the company’s stock, valued at $124,033.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Bethel purchased 6,500 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the acquisition, the director now directly owns 11,500 shares of the company’s stock, valued at $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.

FS Credit Opportunities Profile

(Free Report)

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.

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Want to see what other hedge funds are holding FSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Credit Opportunities Corp. (NYSE:FSCOFree Report).

Institutional Ownership by Quarter for FS Credit Opportunities (NYSE:FSCO)

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