Keith Bethel Buys 3,500 Shares of FS Credit Opportunities Corp. (NYSE:FSCO) Stock

FS Credit Opportunities Corp. (NYSE:FSCO) Director Keith Bethel acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $6.30 per share, with a total value of $22,050.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $94,500. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Keith Bethel also recently made the following trade(s):

• On Wednesday, March 13th, Keith Bethel purchased 6,500 shares of FS Credit Opportunities stock. The shares were bought at an average price of $5.80 per share, for a total transaction of $37,700.00.

FS Credit Opportunities Trading Up 0.3 %

NYSE:FSCO opened at $6.23 on Friday. The firm has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $5.82. FS Credit Opportunities Corp. has a 12 month low of $4.34 and a 12 month high of $6.37.

FS Credit Opportunities Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.72 annualized dividend and a yield of 11.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FSCO. Saba Capital Management L.P. boosted its position in FS Credit Opportunities by 11.8% in the third quarter. Saba Capital Management L.P. now owns 7,907,125 shares of the company’s stock valued at $42,857,000 after buying an additional 837,166 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of FS Credit Opportunities by 1,134.0% in the 4th quarter. Nomura Holdings Inc. now owns 6,755,907 shares of the company’s stock valued at $38,306,000 after acquiring an additional 6,208,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of FS Credit Opportunities by 9.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844,114 shares of the company’s stock worth $34,656,000 after acquiring an additional 495,409 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of FS Credit Opportunities by 13.0% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 4,862,124 shares of the company’s stock worth $26,353,000 after purchasing an additional 558,869 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of FS Credit Opportunities by 2,693.8% during the first quarter. Cetera Investment Advisers now owns 3,050,684 shares of the company’s stock worth $18,091,000 after purchasing an additional 2,941,488 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

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.