OFS Credit Company, Inc. Declares Monthly Dividend of $0.10 (NASDAQ:OCCI)

OFS Credit Company, Inc. (NASDAQ:OCCIGet 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.

OFS Credit (NASDAQ:OCCIGet Free Report) last posted its earnings results on Monday, December 11th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $9.08 million for the quarter. On average, sell-side analysts predict that OFS Credit will post 0.88 earnings per share for the current fiscal year.

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.

Read Our Latest Stock Report on OFS Credit

OFS Credit Company Profile

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OFS Credit Company, Inc is a fund of OFS Advisor.

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Dividend History for OFS Credit (NASDAQ:OCCI)

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