Sit Investment Associates Inc. Lowers Holdings in FS Credit Opportunities Corp. (NYSE:FSCO)

Sit Investment Associates Inc. reduced its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,035,142 shares of the company’s stock after selling 30,778 shares during the quarter. FS Credit Opportunities comprises about 0.8% of Sit Investment Associates Inc.’s portfolio, making the stock its 22nd biggest position. Sit Investment Associates Inc.’s holdings in FS Credit Opportunities were worth $34,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FSCO. Quadrature Capital Ltd raised its holdings in shares of FS Credit Opportunities by 10.2% in the third quarter. Quadrature Capital Ltd now owns 46,834 shares of the company’s stock valued at $298,000 after acquiring an additional 4,334 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of FS Credit Opportunities by 18.3% during the third quarter. Stifel Financial Corp now owns 133,411 shares of the company’s stock valued at $847,000 after purchasing an additional 20,666 shares in the last quarter. Jane Street Group LLC increased its holdings in FS Credit Opportunities by 71.1% during the third quarter. Jane Street Group LLC now owns 24,309 shares of the company’s stock valued at $154,000 after buying an additional 10,103 shares during the period. Virtue Capital Management LLC raised its stake in FS Credit Opportunities by 18.9% in the third quarter. Virtue Capital Management LLC now owns 41,709 shares of the company’s stock worth $265,000 after buying an additional 6,626 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in FS Credit Opportunities by 8.7% during the third quarter. Sanctuary Advisors LLC now owns 82,543 shares of the company’s stock worth $537,000 after buying an additional 6,599 shares during the period. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Trading Down 10.7 %

FSCO opened at $6.10 on Friday. FS Credit Opportunities Corp. has a 1 year low of $5.66 and a 1 year high of $7.16. The business’s 50-day moving average is $6.95 and its two-hundred day moving average is $6.76.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were paid a $0.0645 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.77 annualized dividend and a yield of 12.69%.

Insiders Place Their Bets

In other FS Credit Opportunities news, Director Keith Bethel acquired 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $6.96 per share, with a total value of $34,800.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.