FS Credit Opportunities (NYSE:FSCO) Sees Large Volume Increase - Time to Buy?

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) saw an uptick in trading volume on Monday . 1,250,108 shares traded hands during trading, an increase of 11% from the previous session's volume of 1,121,661 shares.The stock last traded at $5.81 and had previously closed at $6.07.FS Credit Opportunities Price PerformanceThe firm has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.75. FS Credit Opportunities Dividend AnnouncementThe company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 23rd were issued a dividend of $0.0678 per share. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date was Friday, January 23rd. Institutional Investors Weigh In On FS Credit OpportunitiesSeveral institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. grew its position in shares of FS Credit Opportunities by 2.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,223,806 shares of the company's stock valued at $23,405,000 after purchasing an additional 78,942 shares in the last quarter. Vista Finance LLC lifted its position in shares of FS Credit Opportunities by 5.6% during the 3rd quarter. Vista Finance LLC now owns 2,170,009 shares of the company's stock valued at $14,995,000 after acquiring an additional 115,286 shares during the period. Envestnet Asset Management Inc. increased its stake in FS Credit Opportunities by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,000,253 shares of the company's stock valued at $14,522,000 after purchasing an additional 90,470 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in FS Credit Opportunities by 2.9% during the second quarter. Rockefeller Capital Management L.P. now owns 1,292,277 shares of the company's stock worth $9,382,000 after purchasing an additional 36,521 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of FS Credit Opportunities by 7.3% during the 2nd quarter. Osaic Holdings Inc. now owns 1,235,949 shares of the company's stock worth $8,973,000 after buying an additional 83,824 shares during the last quarter. Hedge funds and other institutional investors own 36.37% of the company's stock. About FS Credit Opportunities (Get Free Report)FS Credit Opportunities Fund Inc NYSE: FSCO is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions. Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.Read MoreFive stocks we like better than FS Credit OpportunitiesGOLD ALERT~$1.5T SpaceX IPO: Pre-IPO OpportunityForget AI, This Will Be the Next Big Tech BreakthroughBombshell Exposé on China StrikesCountdown to $40 TrillionThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FS Credit Opportunities Right Now?Before you consider FS Credit Opportunities, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FS Credit Opportunities wasn't on the list.While FS Credit Opportunities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here