Naviter Wealth LLC Invests $157,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Naviter Wealth LLC acquired a new stake in FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, Holdings Channel reports. The firm acquired 23,000 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $39,000. US Bancorp DE bought a new position in shares of FS Credit Opportunities in the 4th quarter worth $49,000. Truvestments Capital LLC acquired a new stake in FS Credit Opportunities in the 3rd quarter valued at $52,000. PSI Advisors LLC increased its stake in FS Credit Opportunities by 118.5% during the 4th quarter. PSI Advisors LLC now owns 7,646 shares of the company’s stock valued at $52,000 after purchasing an additional 4,146 shares in the last quarter. Finally, Nwam LLC bought a new stake in FS Credit Opportunities during the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Trading Down 0.1 %

Shares of NYSE FSCO opened at $6.99 on Monday. The company has a 50-day moving average price of $6.92 and a 200-day moving average price of $6.67. FS Credit Opportunities Corp. has a 1 year low of $5.65 and a 1 year high of $7.12.

FS Credit Opportunities Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.0645 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.77 dividend on an annualized basis and a yield of 11.08%.

Insiders Place Their Bets

In other news, Director Keith Bethel acquired 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.96 per share, with a total value of $34,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $139,200. The trade was a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.