Western Wealth Management LLC lowered its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO – Free Report) by 11.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 35,783 shares of the company’s stock after selling 4,759 shares during the period. Western Wealth Management LLC’s holdings in FS Credit Opportunities were worth $194,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Avantax Advisory Services Inc. raised its holdings in shares of FS Credit Opportunities by 68.3% during the 3rd quarter. Avantax Advisory Services Inc. now owns 697,695 shares of the company’s stock valued at $3,782,000 after purchasing an additional 283,104 shares in the last quarter. Vista Finance LLC bought a new position in shares of FS Credit Opportunities during the 3rd quarter valued at $68,000. Cornerstone Wealth Management LLC raised its holdings in shares of FS Credit Opportunities by 99.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 155,404 shares of the company’s stock valued at $842,000 after purchasing an additional 77,582 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of FS Credit Opportunities during the 3rd quarter valued at $74,000. Finally, WealthPlan Investment Management LLC raised its holdings in FS Credit Opportunities by 115,941.8% in the 3rd quarter. WealthPlan Investment Management LLC now owns 163,619 shares of the company’s stock worth $887,000 after acquiring an additional 163,478 shares during the period. Institutional investors own 29.99% of the company’s stock.
Insider Buying and Selling
In other news, Director Philip E. Hughes, Jr. bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were purchased at an average price of $5.65 per share, for a total transaction of $28,250.00. Following the acquisition, the director now directly owns 20,788 shares of the company’s stock, valued at approximately $117,452.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
FS Credit Opportunities Trading Down 0.5 %
FS Credit Opportunities Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 24th were issued a $0.057 dividend. The ex-dividend date was Tuesday, January 23rd. This represents a $0.68 annualized dividend and a yield of 11.83%.
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.
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