Truvestments Capital LLC Invests $52,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Truvestments Capital LLC bought a new position in FS Credit Opportunities Corp. (NYSE:FSCO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,127 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nwam LLC purchased a new stake in shares of FS Credit Opportunities during the third quarter worth $66,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of FS Credit Opportunities during the first quarter worth $65,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of FS Credit Opportunities during the second quarter worth $73,000. SYM FINANCIAL Corp purchased a new stake in shares of FS Credit Opportunities during the second quarter worth $76,000. Finally, Compass Ion Advisors LLC purchased a new stake in shares of FS Credit Opportunities during the third quarter worth $81,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

Insider Buying and Selling

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 transaction of $628,474.60. Following the transaction, the chief executive officer now directly owns 13,437 shares in the company, valued at $82,100.07. This trade represents a 88.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

FS Credit Opportunities Trading Up 2.0 %

Shares of NYSE:FSCO opened at $6.77 on Thursday. FS Credit Opportunities Corp. has a 1 year low of $5.47 and a 1 year high of $6.78. The business has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $6.39.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.72 annualized dividend and a dividend yield of 10.64%.

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.