Noble Wealth Management PBC Buys New Position in FS Credit Opportunities Corp. (NYSE:FSCO)

Noble Wealth Management PBC bought a new stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 477,260 shares of the company’s stock, valued at approximately $3,255,000. FS Credit Opportunities accounts for 2.3% of Noble Wealth Management PBC’s investment portfolio, making the stock its 7th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vista Finance LLC boosted its stake in FS Credit Opportunities by 2.0% during the 4th quarter. Vista Finance LLC now owns 1,711,019 shares of the company’s stock valued at $11,669,000 after purchasing an additional 34,190 shares during the period. Ellis Investment Partners LLC boosted its stake in FS Credit Opportunities by 1.7% during the 4th quarter. Ellis Investment Partners LLC now owns 812,628 shares of the company’s stock valued at $5,542,000 after purchasing an additional 13,624 shares during the period. Stratos Wealth Partners LTD. boosted its stake in FS Credit Opportunities by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 337,076 shares of the company’s stock valued at $2,299,000 after purchasing an additional 2,888 shares during the period. Geneos Wealth Management Inc. bought a new stake in FS Credit Opportunities during the 4th quarter valued at approximately $2,252,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of FS Credit Opportunities by 11.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 288,185 shares of the company’s stock worth $1,965,000 after acquiring an additional 30,477 shares during the period. Institutional investors own 36.37% of the company’s stock.

Insider Transactions at FS Credit Opportunities

In related news, Director Keith Bethel bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $6.96 per share, with a total value of $34,800.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $139,200. This represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

FS Credit Opportunities Trading Up 1.1 %

Shares of FSCO stock opened at $7.02 on Friday. The stock has a 50 day moving average of $6.89 and a two-hundred day moving average of $6.63. FS Credit Opportunities Corp. has a 12 month low of $5.63 and a 12 month high of $7.12.

FS Credit Opportunities Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.0645 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.03%.

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.