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

OFS Credit Company, Inc. (NASDAQ:OCCIGet Free Report) declared a monthly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Friday, April 19th will be given a dividend of 0.10 per share on Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.24%. The ex-dividend date is Thursday, April 18th.

OFS Credit has decreased its dividend payment by an average of 6.3% per year over the last three years.

OFS Credit Price Performance

Shares of OCCI traded up $0.04 on Tuesday, reaching $6.96. The company’s stock had a trading volume of 56,285 shares, compared to its average volume of 122,033. The stock has a market capitalization of $75.31 million, a P/E ratio of -38.55 and a beta of 1.32. The stock’s 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $7.01. OFS Credit has a 12-month low of $5.47 and a 12-month high of $10.50.

OFS Credit (NASDAQ:OCCIGet Free Report) last posted its quarterly earnings data on Monday, December 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The business had revenue of $9.08 million during the quarter. Analysts expect that OFS Credit will post 0.88 earnings per share for the current year.

Insider Buying and Selling at OFS Credit

In other OFS Credit news, major shareholder Eagle Point Credit Management sold 9,700 shares of OFS Credit stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $22.72, for a total transaction of $220,384.00. Following the transaction, the insider now owns 300,300 shares of the company’s stock, valued at $6,822,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 53,714 shares of company stock valued at $1,221,970 over the last 90 days. 9.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OFS Credit

Several large investors have recently bought and sold shares of OCCI. International Assets Investment Management LLC increased its position in OFS Credit by 7.9% during the fourth quarter. International Assets Investment Management LLC now owns 21,060 shares of the company’s stock valued at $136,000 after acquiring an additional 1,538 shares during the last quarter. LPL Financial LLC bought a new position in OFS Credit during the third quarter valued at $506,000. Envestnet Asset Management Inc. increased its position in OFS Credit by 372.5% during the third quarter. Envestnet Asset Management Inc. now owns 386,429 shares of the company’s stock valued at $2,740,000 after acquiring an additional 304,641 shares during the last quarter. Thrivent Financial for Lutherans increased its position in OFS Credit by 14.3% during the second quarter. Thrivent Financial for Lutherans now owns 30,789 shares of the company’s stock valued at $257,000 after acquiring an additional 3,850 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in OFS Credit by 6.2% during the second quarter. Baird Financial Group Inc. now owns 53,727 shares of the company’s stock valued at $449,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of OFS Credit in a report on Monday, November 13th.

Check Out Our Latest Analysis 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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