Endowment Wealth Management Inc. Trims Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Endowment Wealth Management Inc. cut its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,301 shares of the company’s stock after selling 2,026 shares during the quarter. Endowment Wealth Management Inc.’s holdings in FS Credit Opportunities were worth $427,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Venture Visionary Partners LLC grew its position in shares of FS Credit Opportunities by 10.1% in the third quarter. Venture Visionary Partners LLC now owns 17,358 shares of the company’s stock valued at $110,000 after purchasing an additional 1,587 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of FS Credit Opportunities by 0.7% in the third quarter. Cornerstone Wealth Management LLC now owns 247,720 shares of the company’s stock valued at $1,573,000 after purchasing an additional 1,687 shares in the last quarter. WR Wealth Planners LLC boosted its stake in FS Credit Opportunities by 14.2% during the second quarter. WR Wealth Planners LLC now owns 15,740 shares of the company’s stock valued at $100,000 after buying an additional 1,955 shares during the period. McAdam LLC boosted its stake in FS Credit Opportunities by 4.4% during the third quarter. McAdam LLC now owns 63,209 shares of the company’s stock valued at $401,000 after buying an additional 2,645 shares during the period. Finally, Levy Wealth Management Group LLC boosted its stake in FS Credit Opportunities by 3.0% during the second quarter. Levy Wealth Management Group LLC now owns 92,036 shares of the company’s stock valued at $586,000 after buying an additional 2,688 shares during the period. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

NYSE:FSCO opened at $6.51 on Thursday. FS Credit Opportunities Corp. has a 52-week low of $5.47 and a 52-week high of $6.75. The stock has a fifty day moving average of $6.50 and a 200 day moving average of $6.36.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 11.06%. The ex-dividend date of this dividend is Thursday, November 21st.

Insider Activity at FS Credit Opportunities

In related news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities 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 completion of the sale, the chief executive officer now owns 116,297 shares of the company’s stock, valued at approximately $715,226.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $6.11, for a total transaction of $628,474.60. Following the completion of the sale, the chief executive officer now owns 13,437 shares of the company’s stock, valued at $82,100.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the sale, the chief executive officer now directly owns 116,297 shares of the company’s stock, valued at approximately $715,226.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

FS Credit Opportunities Company 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.