Axxcess Wealth Management LLC Lowers Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Axxcess Wealth Management LLC reduced its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,710 shares of the company’s stock after selling 9,150 shares during the period. Axxcess Wealth Management LLC’s holdings in FS Credit Opportunities were worth $667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. purchased a new position in shares of FS Credit Opportunities in the first quarter worth $31,000. ICA Group Wealth Management LLC bought a new position in FS Credit Opportunities during the 4th quarter valued at about $35,000. Gerber LLC purchased a new stake in shares of FS Credit Opportunities during the 4th quarter valued at about $57,000. Coppell Advisory Solutions Corp. bought a new stake in shares of FS Credit Opportunities in the first quarter worth approximately $65,000. Finally, Global Assets Advisory LLC bought a new stake in shares of FS Credit Opportunities in the first quarter worth approximately $68,000. 36.37% of the stock is currently owned by institutional investors.

FS Credit Opportunities Stock Up 1.1 %

NYSE:FSCO opened at $6.38 on Friday. The company has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $6.16. FS Credit Opportunities Corp. has a 12 month low of $5.00 and a 12 month high of $6.64.

FS Credit Opportunities Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.29%. The ex-dividend date of this dividend is Monday, September 23rd.

Insider Activity

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

FS Credit Opportunities 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.