Insider Selling: OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells 514 Shares of Stock

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 514 shares of OFS Credit stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $24.20, for a total value of $12,438.80. Following the completion of the transaction, the insider now directly owns 33,361 shares in the company, valued at $807,336.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Monday, July 1st, Eagle Point Credit Management sold 104 shares of OFS Credit stock. The shares were sold at an average price of $23.31, for a total value of $2,424.24.
• On Monday, June 24th, Eagle Point Credit Management sold 27 shares of OFS Credit stock. The stock was sold at an average price of $24.23, for a total transaction of $654.21.
• On Thursday, June 20th, Eagle Point Credit Management sold 11 shares of OFS Credit stock. The shares were sold at an average price of $24.24, for a total transaction of $266.64.
• On Monday, June 17th, Eagle Point Credit Management sold 125 shares of OFS Credit stock. The shares were sold at an average price of $24.22, for a total transaction of $3,027.50.
• On Friday, June 14th, Eagle Point Credit Management sold 563 shares of OFS Credit stock. The stock was sold at an average price of $23.69, for a total transaction of $13,337.47.
• On Monday, June 3rd, Eagle Point Credit Management sold 302 shares of OFS Credit stock. The shares were sold at an average price of $24.26, for a total value of $7,326.52.
• On Thursday, May 30th, Eagle Point Credit Management sold 5 shares of OFS Credit stock. The stock was sold at an average price of $23.35, for a total value of $116.75.
• On Friday, May 24th, Eagle Point Credit Management sold 2 shares of OFS Credit stock. The shares were sold at an average price of $24.22, for a total value of $48.44.
• On Friday, May 17th, Eagle Point Credit Management sold 25 shares of OFS Credit stock. The stock was sold at an average price of $24.20, for a total value of $605.00.
• On Wednesday, May 15th, Eagle Point Credit Management sold 5,124 shares of OFS Credit stock. The shares were sold at an average price of $24.16, for a total transaction of $123,795.84.

OFS Credit Trading Up 0.3 %

Shares of OCCI opened at $7.20 on Friday. OFS Credit Company, Inc. has a 1-year low of $5.47 and a 1-year high of $8.60. The firm’s 50-day moving average price is $7.37 and its 200-day moving average price is $7.08. The firm has a market capitalization of $113.40 million, a price-to-earnings ratio of 12.41 and a beta of 1.33.

OFS Credit Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be given a dividend of $0.105 per share. The ex-dividend date is Friday, July 19th. This represents a $1.26 annualized dividend and a yield of 17.50%. OFS Credit’s payout ratio is 234.49%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OCCI. Principal Securities Inc. purchased a new stake in OFS Credit in the fourth quarter worth $992,000. International Assets Investment Management LLC boosted its holdings in shares of OFS Credit by 596.9% during the 4th quarter. International Assets Investment Management LLC now owns 136,047 shares of the company’s stock valued at $879,000 after buying an additional 116,525 shares in the last quarter. Choreo LLC purchased a new stake in shares of OFS Credit in the 1st quarter worth about $738,000. Arlington Capital Management Inc. bought a new position in shares of OFS Credit in the 4th quarter worth about $264,000. Finally, PFG Investments LLC purchased a new position in OFS Credit during the 1st quarter valued at about $82,000. Institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

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