FS Credit Opportunities Corp. $FSCO Stock: Riverbridge Partners LLC Increases Holdings

Riverbridge Partners LLC raised its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 32.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 508,017 shares of the company’s stock after purchasing an additional 123,142 shares during the quarter. Riverbridge Partners LLC owned 0.25% of FS Credit Opportunities worth $2,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rivernorth Capital Management LLC purchased a new stake in FS Credit Opportunities during the first quarter worth about $20,443,000. Arkadios Wealth Advisors raised its holdings in shares of FS Credit Opportunities by 3,144.4% in the 1st quarter. Arkadios Wealth Advisors now owns 3,563,531 shares of the company’s stock valued at $18,174,000 after purchasing an additional 3,453,693 shares in the last quarter. Independent Financial Group LLC acquired a new stake in FS Credit Opportunities in the first quarter valued at $3,997,000. Arlington Capital Management Inc. acquired a new stake in shares of FS Credit Opportunities during the 2nd quarter worth about $1,110,000. Finally, Noble Wealth Management PBC raised its holdings in FS Credit Opportunities by 27.7% during the third quarter. Noble Wealth Management PBC now owns 637,478 shares of the company’s stock worth $3,289,000 after purchasing an additional 138,341 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.

FS Credit Opportunities Price Performance

Shares of FSCO opened at $5.21 on Wednesday. FS Credit Opportunities Corp. has a 1-year low of $4.13 and a 1-year high of $6.63. The firm has a fifty day moving average price of $5.14 and a 200 day moving average price of $5.14.

FS Credit Opportunities Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a $0.0594 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.71 dividend on an annualized basis and a yield of 13.7%.

FS Credit Opportunities Company Profile

FS Credit Opportunities Corp. is a closed-end investment company that invests in credit-related assets. Its portfolio may include loans to public and private companies, collateralized loan obligations and other debt securities, with an emphasis on generating current income and seeking capital appreciation. The company is externally managed by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR’s credit business. Its investment approach spans corporate and structured credit markets.