OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Tuesday, March 19th will be given a dividend of 0.10 per share on Friday, March 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.34%. The ex-dividend date of this dividend is Monday, March 18th.
OFS Credit has decreased its dividend by an average of 6.3% per year over the last three years.
OFS Credit Trading Down 0.3 %
NASDAQ OCCI opened at $6.92 on Tuesday. OFS Credit has a one year low of $5.47 and a one year high of $10.50. The stock has a 50 day moving average price of $6.72 and a 200-day moving average price of $7.01.
Insider Buying and Selling
In related news, major shareholder Eagle Point Credit Management sold 24,665 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $22.64, for a total value of $558,415.60. Following the completion of the sale, the insider now directly owns 275,635 shares in the company, valued at $6,240,376.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 53,714 shares of company stock worth $1,221,970 over the last three months. 9.43% of the stock is owned by insiders.
Institutional Trading of OFS Credit
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in OFS Credit by 7.9% in the fourth quarter. International Assets Investment Management LLC now owns 21,060 shares of the company’s stock worth $136,000 after purchasing an additional 1,538 shares during the period. LPL Financial LLC purchased a new stake in OFS Credit in the third quarter worth $506,000. Envestnet Asset Management Inc. increased its stake in OFS Credit by 372.5% in the third quarter. Envestnet Asset Management Inc. now owns 386,429 shares of the company’s stock worth $2,740,000 after purchasing an additional 304,641 shares during the period. Thrivent Financial for Lutherans increased its stake in OFS Credit by 14.3% in the second quarter. Thrivent Financial for Lutherans now owns 30,789 shares of the company’s stock worth $257,000 after purchasing an additional 3,850 shares during the period. Finally, Baird Financial Group Inc. increased its stake in OFS Credit by 6.2% in the second quarter. Baird Financial Group Inc. now owns 53,727 shares of the company’s stock worth $449,000 after purchasing an additional 3,137 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, LADENBURG THALM/SH SH restated a “neutral” rating on shares of OFS Credit in a research report on Monday, November 13th.
OFS Credit Company Profile
OFS Credit Company, Inc is a fund of OFS Advisor.
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