Cornerstone Wealth Management LLC Grows Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Cornerstone Wealth Management LLC boosted its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,869 shares of the company’s stock after purchasing an additional 20,920 shares during the period. Cornerstone Wealth Management LLC owned about 0.13% of FS Credit Opportunities worth $1,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in FS Credit Opportunities by 3.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,348,705 shares of the company’s stock valued at $30,327,000 after acquiring an additional 172,413 shares during the period. WealthPLAN Partners LLC increased its holdings in shares of FS Credit Opportunities by 199.9% in the fourth quarter. WealthPLAN Partners LLC now owns 490,703 shares of the company’s stock worth $2,782,000 after purchasing an additional 327,084 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in shares of FS Credit Opportunities by 17.3% in the fourth quarter. Wagner Wealth Management LLC now owns 3,045,132 shares of the company’s stock worth $17,266,000 after purchasing an additional 448,199 shares during the last quarter. Nomura Holdings Inc. increased its holdings in shares of FS Credit Opportunities by 1,134.0% in the fourth quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock worth $38,306,000 after purchasing an additional 6,208,428 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of 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 worth $9,801,000 after purchasing an additional 1,030,881 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Stock Up 0.3 %

Shares of FSCO stock opened at $6.40 on Friday. FS Credit Opportunities Corp. has a 12-month low of $4.79 and a 12-month high of $6.50. The stock’s 50-day moving average price is $6.27 and its 200-day moving average price is $5.95.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.72 annualized dividend and a dividend yield of 11.25%.

Insider Transactions at FS Credit Opportunities

In other news, Director Barbara J. Fouss bought 6,000 shares of FS Credit Opportunities stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $6.40 per share, with a total value of $38,400.00. Following the completion of the acquisition, the director now owns 27,130 shares of the company’s stock, valued at approximately $173,632. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.