WealthPLAN Partners LLC Lowers Position in FS Credit Opportunities Corp. (NYSE:FSCO)

WealthPLAN Partners LLC reduced its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 92.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,032 shares of the company’s stock after selling 460,792 shares during the period. WealthPLAN Partners LLC’s holdings in FS Credit Opportunities were worth $230,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in shares of FS Credit Opportunities during the first quarter valued at about $31,000. ICA Group Wealth Management LLC purchased a new position in shares of FS Credit Opportunities during the 4th quarter worth approximately $35,000. Gerber LLC acquired a new stake in FS Credit Opportunities in the 4th quarter valued at approximately $57,000. Coppell Advisory Solutions Corp. purchased a new stake in FS Credit Opportunities in the first quarter valued at approximately $65,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in FS Credit Opportunities during the second quarter worth $73,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

FSCO opened at $6.32 on Wednesday. FS Credit Opportunities Corp. has a 52 week low of $5.00 and a 52 week high of $6.64. The business has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $6.16.

FS Credit Opportunities Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 11.39%. The ex-dividend date is Monday, September 23rd.

Insiders Place Their Bets

In other 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 completion of the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at $82,100.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael C. Forman sold 218,961 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the sale, the chief executive officer now owns 116,297 shares of the company’s stock, valued at $715,226.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction 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 completion of the transaction, the chief executive officer now owns 13,437 shares of the company’s stock, valued at $82,100.07. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.