Ellis Investment Partners LLC Buys 8,447 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Ellis Investment Partners LLC lifted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799,004 shares of the company’s stock after buying an additional 8,447 shares during the period. FS Credit Opportunities makes up 1.0% of Ellis Investment Partners LLC’s portfolio, making the stock its 20th biggest position. Ellis Investment Partners LLC owned about 0.23% of FS Credit Opportunities worth $5,074,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of FS Credit Opportunities during the first quarter valued at $65,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in FS Credit Opportunities in the second quarter worth about $73,000. SYM FINANCIAL Corp purchased a new position in FS Credit Opportunities in the second quarter worth about $76,000. Compass Ion Advisors LLC purchased a new position in FS Credit Opportunities in the third quarter worth about $81,000. Finally, Capital CS Group LLC purchased a new position in FS Credit Opportunities in the second quarter worth about $85,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Stock Performance

NYSE:FSCO remained flat at $6.62 on Friday. The company’s stock had a trading volume of 487,525 shares, compared to its average volume of 673,680. The business has a 50-day moving average price of $6.42 and a 200-day moving average price of $6.29. FS Credit Opportunities Corp. has a fifty-two week low of $5.29 and a fifty-two week high of $6.75.

FS Credit Opportunities Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.72 annualized dividend and a yield of 10.88%.

Insiders Place Their Bets

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

FS Credit Opportunities 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.