OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Investors of record on Monday, February 19th will be paid a dividend of 0.10 per share on Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 17.02%. The ex-dividend date is Thursday, February 15th.
OFS Credit has decreased its dividend payment by an average of 6.3% annually over the last three years.
OFS Credit Stock Performance
Shares of NASDAQ OCCI opened at $7.05 on Tuesday. The company’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $6.96. OFS Credit has a fifty-two week low of $5.47 and a fifty-two week high of $10.50.
Insider Transactions at OFS Credit
In other news, major shareholder Eagle Point Credit Management sold 24,665 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $22.64, for a total transaction of $558,415.60. Following the completion of the sale, the insider now owns 275,635 shares of the company’s stock, valued at approximately $6,240,376.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 68,729 shares of company stock valued at $1,561,639. Company insiders own 9.43% of the company’s stock.
Hedge Funds Weigh In On OFS Credit
Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in OFS Credit during the 3rd quarter worth approximately $99,000. NewEdge Advisors LLC acquired a new position in OFS Credit in the 1st quarter valued at approximately $143,000. First Republic Investment Management Inc. acquired a new position in OFS Credit in the 1st quarter valued at approximately $148,000. Thrivent Financial for Lutherans acquired a new position in OFS Credit in the 2nd quarter valued at approximately $148,000. Finally, Envestnet Asset Management Inc. increased its position in OFS Credit by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,211 shares of the company’s stock valued at $184,000 after acquiring an additional 1,080 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of OFS Credit in a research note on Monday, November 13th.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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