Park Avenue Securities LLC Takes Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Park Avenue Securities LLC acquired a new position in FS Credit Opportunities Corp. (NYSE:FSCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,974 shares of the company’s stock, valued at approximately $82,000.

Other large investors have also made changes to their positions in the company. Venture Visionary Partners LLC increased its holdings in shares of FS Credit Opportunities by 10.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,358 shares of the company’s stock worth $110,000 after purchasing an additional 1,587 shares during the period. Cornerstone Wealth Management LLC grew its position in FS Credit Opportunities by 0.7% during the third quarter. Cornerstone Wealth Management LLC now owns 247,720 shares of the company’s stock worth $1,573,000 after buying an additional 1,687 shares in the last quarter. McAdam LLC increased its stake in FS Credit Opportunities by 4.4% during the third quarter. McAdam LLC now owns 63,209 shares of the company’s stock valued at $401,000 after acquiring an additional 2,645 shares during the period. Creative Planning raised its holdings in FS Credit Opportunities by 2.5% in the 2nd quarter. Creative Planning now owns 117,475 shares of the company’s stock valued at $748,000 after acquiring an additional 2,816 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of FS Credit Opportunities by 12.0% in the 3rd quarter. Moors & Cabot Inc. now owns 29,619 shares of the company’s stock worth $188,000 after acquiring an additional 3,163 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

FSCO opened at $6.96 on Monday. The stock’s 50 day simple moving average is $6.75 and its 200-day simple moving average is $6.53. FS Credit Opportunities Corp. has a 1 year low of $5.61 and a 1 year high of $7.12.

FS Credit Opportunities Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.0645 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.13%. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, January 24th.

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.