West Michigan Advisors LLC Purchases 10,391 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

West Michigan Advisors LLC increased its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,089 shares of the company’s stock after purchasing an additional 10,391 shares during the period. West Michigan Advisors LLC’s holdings in FS Credit Opportunities were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Curran Financial Partners LLC bought a new stake in shares of FS Credit Opportunities in the first quarter valued at about $78,000. Global Assets Advisory LLC bought a new stake in FS Credit Opportunities during the first quarter worth about $77,000. Freestate Advisors LLC bought a new stake in FS Credit Opportunities during the first quarter worth about $85,000. Sunbelt Securities Inc. raised its holdings in FS Credit Opportunities by 101.4% during the fourth quarter. Sunbelt Securities Inc. now owns 13,140 shares of the company’s stock worth $88,000 after acquiring an additional 6,617 shares in the last quarter. Finally, BridgePort Financial Solutions LLC bought a new stake in FS Credit Opportunities during the fourth quarter worth about $100,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Trading Up 1.5%

FSCO opened at $7.57 on Tuesday. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65. The business’s 50-day simple moving average is $7.24 and its 200 day simple moving average is $7.01.

FS Credit Opportunities Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th were paid a $0.0678 dividend. This is a positive change from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date was Thursday, July 24th.

FS Credit Opportunities Company 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.