Naviter Wealth LLC Invests $157,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Naviter Wealth LLC purchased a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 23,000 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Noble Wealth Management PBC bought a new position in FS Credit Opportunities in the fourth quarter valued at about $3,255,000. Raymond James Financial Inc. bought a new position in FS Credit Opportunities in the 4th quarter valued at approximately $3,128,000. Geneos Wealth Management Inc. acquired a new stake in FS Credit Opportunities during the 4th quarter worth approximately $2,252,000. Apollon Wealth Management LLC grew its holdings in FS Credit Opportunities by 781.3% during the 4th quarter. Apollon Wealth Management LLC now owns 224,553 shares of the company’s stock worth $1,531,000 after acquiring an additional 199,072 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new position in FS Credit Opportunities in the 4th quarter valued at approximately $970,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Keith Bethel purchased 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $6.96 per share, for a total transaction of $34,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

FS Credit Opportunities Stock Down 0.1 %

FSCO stock opened at $6.99 on Monday. The company has a fifty day moving average price of $6.92 and a 200-day moving average price of $6.67. FS Credit Opportunities Corp. has a 52-week low of $5.65 and a 52-week high of $7.12.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.0645 per share. This represents a $0.77 annualized dividend and a yield of 11.08%. The ex-dividend date is Monday, March 24th.

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.