FS Credit Opportunities (NYSE:FSCO) Hits New 1-Year High Following Dividend Announcement

FS Credit Opportunities Corp. (NYSE:FSCO) reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $7.22 and last traded at $7.14, with a volume of 914951 shares changing hands. The stock had previously closed at $7.09.

The newly announced dividend which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be paid a $0.0645 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.77 annualized dividend and a yield of 11.01%.

FS Credit Opportunities Stock Performance

The company’s 50-day simple moving average is $6.80 and its 200 day simple moving average is $6.79.

Institutional Trading of FS Credit Opportunities

Hedge funds have recently bought and sold shares of the business. Blackstone Inc. bought a new stake in shares of FS Credit Opportunities during the 4th quarter worth $11,341,000. Bensler LLC purchased a new position in FS Credit Opportunities in the first quarter valued at about $4,013,000. Noble Wealth Management PBC bought a new position in shares of FS Credit Opportunities during the 4th quarter valued at approximately $3,255,000. Raymond James Financial Inc. purchased a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $3,128,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of FS Credit Opportunities in the 4th quarter worth approximately $2,252,000. 36.37% of the stock is currently owned by institutional investors.

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.