Concorde Asset Management LLC Acquires 80,400 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Concorde Asset Management LLC increased its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 454.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,089 shares of the company’s stock after purchasing an additional 80,400 shares during the quarter. Concorde Asset Management LLC’s holdings in FS Credit Opportunities were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Advocates Investment Management purchased a new stake in FS Credit Opportunities in the 4th quarter worth $161,000. Cambridge Investment Research Advisors Inc. grew its holdings in FS Credit Opportunities by 3.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,348,705 shares of the company’s stock valued at $30,327,000 after buying an additional 172,413 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in FS Credit Opportunities by 29.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 89,724 shares of the company’s stock worth $501,000 after acquiring an additional 20,600 shares during the last quarter. Cape Investment Advisory Inc. purchased a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $330,000. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of FS Credit Opportunities in the fourth quarter valued at $76,000. Institutional investors own 36.37% of the company’s stock.

Insider Activity at FS Credit Opportunities

In other FS Credit Opportunities news, CEO Michael C. Forman sold 218,961 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at $715,226.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total transaction of $628,474.60. Following the completion of the transaction, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael C. Forman sold 218,961 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the transaction, the chief executive officer now owns 116,297 shares in the company, valued at $715,226.55. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

FS Credit Opportunities Stock Performance

Shares of FSCO opened at $6.32 on Thursday. FS Credit Opportunities Corp. has a fifty-two week low of $5.00 and a fifty-two week high of $6.64. The company’s fifty day moving average is $6.27 and its 200 day moving average is $6.16.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend is Monday, September 23rd.

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.