FS Credit Opportunities (NYSE:FSCO) Director Keith Bethel Acquires 2,500 Shares

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel acquired 2,500 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $4.84 per share, for a total transaction of $12,100.00. Following the purchase, the director owned 25,000 shares in the company, valued at approximately $121,000. This represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

FS Credit Opportunities Price Performance

NYSE FSCO opened at $4.91 on Tuesday. FS Credit Opportunities Corp. has a 12 month low of $4.13 and a 12 month high of $7.65. The stock has a 50 day moving average of $5.76 and a 200-day moving average of $6.32.

FS Credit Opportunities Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.0583 per share. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in FS Credit Opportunities in the 3rd quarter valued at about $38,000. Advocate Investing Services LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth approximately $43,000. Jessup Wealth Management Inc acquired a new position in FS Credit Opportunities during the fourth quarter worth approximately $50,000. Larson Financial Group LLC raised its stake in FS Credit Opportunities by 73.1% in the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock valued at $51,000 after buying an additional 3,450 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in FS Credit Opportunities by 50.6% in the fourth quarter. Farther Finance Advisors LLC now owns 9,579 shares of the company’s stock valued at $60,000 after buying an additional 3,219 shares during the period. 36.37% of the stock is currently owned by institutional investors and hedge funds.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.