OFS Credit (NASDAQ:OCCI) Issues Earnings Results

OFS Credit (NASDAQ:OCCI) issued its quarterly earnings data on Friday. The company reported $0.47 earnings per share for the quarter, reports. The business had revenue of $7.45 million for the quarter.

OFS Credit Trading Up 0.8 %

Shares of OCCI stock opened at $7.64 on Monday. OFS Credit has a twelve month low of $5.47 and a twelve month high of $7.81. The company has a market capitalization of $120.32 million, a price-to-earnings ratio of 13.17 and a beta of 1.33. The firm has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.27.

OFS Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be paid a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 18.06%. The ex-dividend date is Monday, October 21st. OFS Credit’s payout ratio is currently 196.55%.

Insider Transactions at OFS Credit

In related news, major shareholder Eagle Point Credit Management sold 3,472 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $24.21, for a total transaction of $84,057.12. Following the transaction, the insider now owns 25,287 shares of the company’s stock, valued at $612,198.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 13,785 shares of company stock worth $334,657 over the last ninety days. 2.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Choreo LLC purchased a new position in shares of OFS Credit during the 1st quarter worth about $738,000. True North Advisors LLC purchased a new stake in shares of OFS Credit during the 1st quarter valued at $80,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of OFS Credit by 51.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock worth $171,000 after buying an additional 7,651 shares during the last quarter. Graypoint LLC raised its position in shares of OFS Credit by 6.0% in the 1st quarter. Graypoint LLC now owns 119,582 shares of the company’s stock worth $856,000 after buying an additional 6,806 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in OFS Credit by 29.3% in the first quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock valued at $192,000 after acquiring an additional 6,172 shares during the last quarter. Hedge funds and other institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

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