Key Financial Inc Takes Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Key Financial Inc acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,969 shares of the company’s stock, valued at approximately $88,000.

A number of other hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its position in shares of FS Credit Opportunities by 87.4% in the fourth quarter. Sanctuary Advisors LLC now owns 154,687 shares of the company’s stock valued at $1,063,000 after buying an additional 72,144 shares during the last quarter. Allworth Financial LP increased its stake in shares of FS Credit Opportunities by 18.6% during the fourth quarter. Allworth Financial LP now owns 45,792 shares of the company’s stock worth $325,000 after purchasing an additional 7,176 shares during the period. Centerpoint Advisory Group bought a new position in shares of FS Credit Opportunities during the fourth quarter worth approximately $524,000. Ellis Investment Partners LLC increased its stake in shares of FS Credit Opportunities by 1.7% during the fourth quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock worth $5,542,000 after purchasing an additional 13,624 shares during the period. Finally, Vista Finance LLC increased its stake in shares of FS Credit Opportunities by 2.0% during the fourth quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock worth $11,669,000 after purchasing an additional 34,190 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FS Credit Opportunities

In related news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $139,200. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

FS Credit Opportunities Trading Up 0.2 %

Shares of NYSE FSCO opened at $6.95 on Wednesday. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12. The business’s 50 day moving average is $6.84 and its 200-day moving average is $6.59.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.0645 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.14%.

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.