67,909 Shares in FS Credit Opportunities Corp. (NYSE:FSCO) Purchased by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 67,909 shares of the company’s stock, valued at approximately $463,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp raised its holdings in shares of FS Credit Opportunities by 1.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 101,909 shares of the company’s stock worth $695,000 after acquiring an additional 1,827 shares during the last quarter. Stratos Wealth Partners LTD. increased its position 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 worth $2,299,000 after purchasing an additional 2,888 shares in the last quarter. True North Advisors LLC raised its stake in FS Credit Opportunities by 11.1% in the 4th quarter. True North Advisors LLC now owns 31,470 shares of the company’s stock valued at $215,000 after purchasing an additional 3,147 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in FS Credit Opportunities by 12.0% in the 3rd quarter. Moors & Cabot Inc. now owns 29,619 shares of the company’s stock valued at $188,000 after purchasing an additional 3,163 shares in the last quarter. Finally, PSI Advisors LLC boosted its stake in shares of FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock worth $52,000 after purchasing an additional 4,146 shares during the last quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

NYSE:FSCO opened at $6.93 on Friday. The firm has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $6.63. FS Credit Opportunities Corp. has a 1-year low of $5.61 and a 1-year high of $7.12.

FS Credit Opportunities Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.0645 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.77 annualized dividend and a yield of 11.18%.

Insiders Place Their Bets

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

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.