FS Credit Opportunities Corp. (NYSE:FSCO) Shares Purchased by Ellis Investment Partners LLC

Ellis Investment Partners LLC increased its stake in FS Credit Opportunities Corp. (NYSE:FSCO) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,626 shares of the company’s stock after purchasing an additional 31,919 shares during the quarter. FS Credit Opportunities makes up 1.0% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. Ellis Investment Partners LLC’s holdings in FS Credit Opportunities were worth $4,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FSCO. Mather Group LLC. purchased a new position in FS Credit Opportunities in the 1st quarter worth about $31,000. ICA Group Wealth Management LLC acquired a new stake in FS Credit Opportunities during the 4th quarter worth about $35,000. Gerber LLC acquired a new stake in FS Credit Opportunities during the 4th quarter worth about $57,000. Global Assets Advisory LLC acquired a new stake in FS Credit Opportunities during the 1st quarter worth about $68,000. Finally, Tyche Wealth Partners LLC acquired a new stake in FS Credit Opportunities during the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.37 on Thursday. FS Credit Opportunities Corp. has a one year low of $4.60 and a one year high of $6.50. The business has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $5.92.

FS Credit Opportunities Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, June 21st. This represents a $0.72 dividend on an annualized basis and a yield of 11.30%.

Insiders Place Their Bets

In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $6.40 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director now directly owns 27,130 shares in the company, valued at $173,632. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.