FS Credit Opportunities Corp. (NYSE:FSCO) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. decreased its position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,979 shares of the company’s stock after selling 9,647 shares during the quarter. FS Credit Opportunities comprises about 0.3% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 27th largest holding. Gilbert & Cook Inc. owned about 0.10% of FS Credit Opportunities worth $2,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new stake in shares of FS Credit Opportunities during the first quarter valued at about $210,000. Kingsview Wealth Management LLC bought a new stake in shares of FS Credit Opportunities during the first quarter valued at about $240,000. Robinson Capital Management LLC bought a new stake in shares of FS Credit Opportunities during the first quarter valued at about $515,000. Alpine Global Management LLC raised its stake in shares of FS Credit Opportunities by 44.6% during the first quarter. Alpine Global Management LLC now owns 332,500 shares of the company’s stock valued at $1,972,000 after purchasing an additional 102,500 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of FS Credit Opportunities during the first quarter valued at about $65,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO opened at $6.55 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $5.47 and a fifty-two week high of $6.75. The firm’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $6.37.

FS Credit Opportunities Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.99%. The ex-dividend date of this dividend is Thursday, November 21st.

Insiders Place Their Bets

In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the sale, the chief executive officer now directly owns 13,437 shares in the company, valued at approximately $82,100.07. The trade was a 88.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

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.