Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in FS Credit Opportunities Corp. (NYSE:FSCO) by 101.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,622 shares of the company’s stock after acquiring an additional 16,460 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in FS Credit Opportunities were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FSCO. Noble Wealth Management PBC bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $3,255,000. Raymond James Financial Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $3,128,000. Geneos Wealth Management Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $2,252,000. Apollon Wealth Management LLC lifted its holdings in shares of FS Credit Opportunities by 781.3% in the 4th quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company’s stock worth $1,531,000 after acquiring an additional 199,072 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth about $970,000. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

FS Credit Opportunities stock opened at $6.99 on Friday. The firm has a 50-day moving average price of $6.92 and a 200-day moving average price of $6.66. FS Credit Opportunities Corp. has a 12-month low of $5.65 and a 12-month high of $7.12.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a dividend of $0.0645 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 11.08%.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. This trade represents a 33.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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.