Grimes & Company Inc. Invests $970,000 in FS Credit Opportunities Corp. (NYSE:FSCO)

Grimes & Company Inc. acquired a new position in shares of FS Credit Opportunities Corp. (NYSE:FSCO) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 142,239 shares of the company’s stock, valued at approximately $970,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of FS Credit Opportunities during the 3rd quarter worth about $52,000. PSI Advisors LLC lifted its holdings in shares of FS Credit Opportunities by 118.5% in 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 during the last quarter. Nwam LLC purchased a new stake in shares of FS Credit Opportunities in the 3rd quarter valued at about $66,000. Compass Ion Advisors LLC purchased a new stake in shares of FS Credit Opportunities in the 3rd quarter valued at about $81,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of FS Credit Opportunities in the 4th quarter valued at about $82,000. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Price Performance

FS Credit Opportunities stock opened at $6.96 on Friday. FS Credit Opportunities Corp. has a fifty-two week low of $5.61 and a fifty-two week high of $7.12. The stock has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.53.

FS Credit Opportunities Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a $0.0645 dividend. This is an increase from FS Credit Opportunities’s previous monthly dividend of $0.06. This represents a $0.77 annualized dividend and a dividend yield of 11.13%. The ex-dividend date of this dividend is Friday, January 24th.

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.