FS Credit Opportunities Corp. (NYSE:FSCO) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 108.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,700 shares of the company’s stock after buying an additional 40,500 shares during the period. Kovack Advisors Inc.’s holdings in FS Credit Opportunities were worth $493,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC raised its stake in shares of FS Credit Opportunities by 10.1% during the third 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 last quarter. Cornerstone Wealth Management LLC raised its position in FS Credit Opportunities by 0.7% during the 3rd 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 during the last quarter. WR Wealth Planners LLC lifted its stake in shares of FS Credit Opportunities by 14.2% in the 2nd quarter. WR Wealth Planners LLC now owns 15,740 shares of the company’s stock worth $100,000 after acquiring an additional 1,955 shares during the period. McAdam LLC lifted its stake in shares of FS Credit Opportunities by 4.4% in the 3rd quarter. McAdam LLC now owns 63,209 shares of the company’s stock worth $401,000 after acquiring an additional 2,645 shares during the period. Finally, Levy Wealth Management Group LLC boosted its holdings in shares of FS Credit Opportunities by 3.0% in the second quarter. Levy Wealth Management Group LLC now owns 92,036 shares of the company’s stock valued at $586,000 after acquiring an additional 2,688 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Michael C. Forman sold 102,860 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the sale, the chief executive officer now directly owns 13,437 shares of the company’s stock, valued at approximately $82,100.07. This trade represents a 88.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $6.51 on Friday. The business’s fifty day moving average price is $6.50 and its 200 day moving average price is $6.36. FS Credit Opportunities Corp. has a 1-year low of $5.47 and a 1-year high of $6.75.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.72 dividend on an annualized basis and a yield of 11.07%.

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.