OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on February 15th

OFS Credit Company, Inc. (NASDAQ:OCCIGet 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.

OFS Credit (NASDAQ:OCCIGet Free Report) last announced its quarterly earnings data 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 during the quarter. On average, research analysts anticipate that OFS Credit will post 0.88 EPS for the current year.

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.

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About OFS Credit

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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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