FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC trimmed its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 8.7% in the second quarter, Holdings Channel reports. The fund owned 26,924 shares of the company’s stock after selling 2,577 shares during the period. BLB&B Advisors LLC’s holdings in FS Credit Opportunities were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FSCO. Mather Group LLC. purchased a new stake in shares of FS Credit Opportunities in the first quarter valued at approximately $31,000. ICA Group Wealth Management LLC purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $35,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of FS Credit Opportunities by 51.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 8,800 shares of the company’s stock valued at $52,000 after buying an additional 3,000 shares in the last quarter. Gerber LLC purchased a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $57,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of FS Credit Opportunities in the first quarter valued at approximately $65,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Up 0.2 %

Shares of FS Credit Opportunities stock traded up $0.01 during trading on Wednesday, reaching $6.12. The company’s stock had a trading volume of 447,955 shares, compared to its average volume of 673,278. The business has a 50 day moving average price of $6.32 and a 200-day moving average price of $6.11. FS Credit Opportunities Corp. has a 12-month low of $5.00 and a 12-month high of $6.64.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 11.76%.

Insiders Place Their Bets

In other news, Director Barbara J. Fouss bought 6,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $6.40 per share, for a total transaction of $38,400.00. Following the completion of the transaction, the director now owns 27,130 shares in the company, valued at $173,632. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is 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.