Riverbridge Partners LLC Has $1.97 Million Position in FS Credit Opportunities Corp. $FSCO

Riverbridge Partners LLC lifted its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 82.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 385,289 shares of the company’s stock after acquiring an additional 174,445 shares during the period. Riverbridge Partners LLC’s holdings in FS Credit Opportunities were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of FS Credit Opportunities by 97.2% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock valued at $11,969,000 after purchasing an additional 936,272 shares during the period. Matisse Capital bought a new stake in FS Credit Opportunities in the fourth quarter worth approximately $5,657,000. &PARTNERS lifted its stake in FS Credit Opportunities by 3,103.3% in the fourth quarter. &PARTNERS now owns 516,757 shares of the company’s stock valued at $3,256,000 after buying an additional 500,625 shares during the period. Jane Street Group LLC lifted its stake in FS Credit Opportunities by 280.4% in the fourth quarter. Jane Street Group LLC now owns 533,004 shares of the company’s stock valued at $3,358,000 after buying an additional 392,870 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of FS Credit Opportunities by 229.0% during the 4th quarter. Stifel Financial Corp now owns 555,106 shares of the company’s stock worth $3,497,000 after buying an additional 386,387 shares in the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Stock Down 0.7%

Shares of FSCO stock opened at $4.72 on Thursday. FS Credit Opportunities Corp. has a 52 week low of $4.13 and a 52 week high of $7.65. The firm has a 50 day moving average of $5.02 and a 200-day moving average of $5.47.

FS Credit Opportunities (NYSE:FSCO) last released its earnings results on Monday, March 2nd. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $57.34 million for the quarter.

FS Credit Opportunities Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.0583 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 14.8%.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.