Grimes & Company Inc. Sells 43,238 Shares of FS Credit Opportunities Corp. $FSCO

Grimes & Company Inc. reduced its stake in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 33.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 85,024 shares of the company’s stock after selling 43,238 shares during the period. Grimes & Company Inc.’s holdings in FS Credit Opportunities were worth $617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FSCO. Financial Gravity Asset Management Inc. acquired a new stake in shares of FS Credit Opportunities during the first quarter worth $342,000. Signal Advisors Wealth LLC acquired a new stake in shares of FS Credit Opportunities in the 2nd quarter valued at about $507,000. Crossmark Global Holdings Inc. acquired a new stake in shares of FS Credit Opportunities in the 1st quarter valued at about $155,000. Flagship Harbor Advisors LLC lifted its holdings in shares of FS Credit Opportunities by 86.6% in the first quarter. Flagship Harbor Advisors LLC now owns 27,754 shares of the company’s stock valued at $196,000 after purchasing an additional 12,883 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of FS Credit Opportunities by 729.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,228 shares of the company’s stock worth $765,000 after buying an additional 98,691 shares during the period. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock opened at $6.94 on Tuesday. The business’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $7.12. FS Credit Opportunities Corp. has a 52-week low of $5.29 and a 52-week high of $7.65.

FS Credit Opportunities Announces Dividend

The firm also recently disclosed a sep 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a $0.0678 dividend. The ex-dividend date was Tuesday, September 23rd. This represents a dividend yield of 1,131.0%.

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.