Western Wealth Management LLC Sells 8,074 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Western Wealth Management LLC decreased its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,709 shares of the company’s stock after selling 8,074 shares during the period. Western Wealth Management LLC’s holdings in FS Credit Opportunities were worth $157,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. AE Wealth Management LLC grew its stake in FS Credit Opportunities by 13.5% during the third quarter. AE Wealth Management LLC now owns 331,548 shares of the company’s stock valued at $1,797,000 after acquiring an additional 39,551 shares in the last quarter. Global Retirement Partners LLC lifted its position in FS Credit Opportunities by 7.9% during the third quarter. Global Retirement Partners LLC now owns 34,961 shares of the company’s stock valued at $191,000 after purchasing an additional 2,570 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in FS Credit Opportunities by 33.8% during the third quarter. Flagship Harbor Advisors LLC now owns 35,641 shares of the company’s stock valued at $193,000 after purchasing an additional 9,000 shares during the last quarter. Royal Fund Management LLC bought a new stake in FS Credit Opportunities during the third quarter valued at approximately $183,000. Finally, Wagner Wealth Management LLC lifted its position in FS Credit Opportunities by 21.2% during the third quarter. Wagner Wealth Management LLC now owns 2,596,933 shares of the company’s stock valued at $14,075,000 after purchasing an additional 454,941 shares during the last quarter. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.5 %

Shares of FS Credit Opportunities stock opened at $5.87 on Wednesday. FS Credit Opportunities Corp. has a 1 year low of $4.14 and a 1 year high of $6.04. The company has a 50 day simple moving average of $5.82 and a two-hundred day simple moving average of $5.71.

FS Credit Opportunities Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 12.27%.

Insider Activity at FS Credit Opportunities

In other news, Director Keith Bethel purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $37,700.00. Following the acquisition, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $66,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Keith Bethel acquired 6,500 shares of FS Credit Opportunities stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $5.80 per share, with a total value of $37,700.00. Following the transaction, the director now owns 11,500 shares in the company, valued at $66,700. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barbara J. Fouss acquired 11,000 shares of FS Credit Opportunities stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the transaction, the director now owns 21,130 shares in the company, valued at approximately $124,033.10. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.

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.