PFG Investments LLC Increases Stake in FS Credit Opportunities Corp.

PFG Investments LLC has significantly enhanced its ownership in FS Credit Opportunities Corp. (NYSE:FSCO - Free Report). According to its latest report submitted to the Securities and Exchange Commission (SEC), the firm increased its holdings by an impressive 92.0% during the fourth quarter. After acquiring an additional 78,570 shares, PFG Investments now holds a total of 163,974 shares in FS Credit Opportunities, valued at approximately $1,118,000 as of the most recent filing.

In addition to PFG Investments, several other institutional investors and hedge funds have also adjusted their positions in FS Credit Opportunities. Vista Finance LLC raised its stake by 4.2% during the third quarter, bringing its total to 1,676,829 shares worth about $10,648,000 after buying an additional 66,961 shares. Similarly, Ellis Investment Partners LLC increased its position by 1.1% to own 799,004 shares, valued at $5,074,000 following a purchase of 8,447 shares. Private Advisor Group LLC also saw a 1.4% increase in its holdings, now owning 781,108 shares worth around $4,960,000 after acquiring an extra 10,853 shares. Additionally, Geneos Wealth Management Inc. entered a new investment in FS Credit Opportunities in the fourth quarter, valued at about $2,252,000. Cornerstone Wealth Management LLC also raised its position in the fourth quarter by 5.6%, now owning 261,582 shares valued at $1,784,000 after purchasing another 13,862 shares. Currently, about 36.37% of FS Credit Opportunities' stock is held by institutional investors and hedge funds.

Recent Stock Performance

The shares of FS Credit Opportunities opened at $6.87 recently. The company has a 50-day simple moving average of $6.77 and a 200-day simple moving average of $6.53. Over the past year, FS Credit Opportunities' stock has fluctuated between a low of $5.61 and a high of $7.12.

Dividend Announcement

Moreover, FS Credit Opportunities has announced an increase in its monthly dividend. Shareholders will receive a dividend of $0.0645, which will be paid on January 31. Shareholders on record by January 24 will be eligible for this dividend, and the ex-dividend date is set for the same day. This represents an annualized dividend of $0.77 with a yield of 11.27%, marking an increase from the previous monthly dividend of $0.06.

Company Overview

FS Credit Opportunities Corp. is a closed-end fixed income fund initiated by Franklin Square Capital Partners and managed by FS Global Advisor, LLC. The fund invests in fixed income markets globally, with a focus primarily on the United States and Europe, targeting securities across various sectors.

Investment, Finance, Stocks