HighTower Advisors LLC Sells 9,007 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

HighTower Advisors LLC lessened its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,953 shares of the company’s stock after selling 9,007 shares during the period. HighTower Advisors LLC’s holdings in FS Credit Opportunities were worth $238,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of FS Credit Opportunities during the fourth quarter worth $39,000. US Bancorp DE purchased a new position in shares of FS Credit Opportunities in the 4th quarter worth about $49,000. PSI Advisors LLC increased its position in FS Credit Opportunities by 118.5% in the fourth quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after buying an additional 4,146 shares during the last quarter. Bravias Capital Group LLC bought a new stake in FS Credit Opportunities in the 4th quarter valued at about $73,000. Finally, Park Avenue Securities LLC purchased a new position in FS Credit Opportunities in the 4th quarter valued at approximately $82,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $7.04 on Thursday. FS Credit Opportunities Corp. has a 52 week low of $5.66 and a 52 week high of $7.16. The business has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $6.76.

FS Credit Opportunities Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a yield of 10.99%. The ex-dividend date was Monday, March 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.