OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells $32,340.00 in Stock

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 1,375 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $23.52, for a total value of $32,340.00. Following the transaction, the insider now owns 31,107 shares of the company’s stock, valued at $731,636.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, September 23rd, Eagle Point Credit Management sold 109 shares of OFS Credit stock. The stock was sold at an average price of $24.52, for a total value of $2,672.68.
• On Friday, September 13th, Eagle Point Credit Management sold 462 shares of OFS Credit stock. The stock was sold at an average price of $24.46, for a total value of $11,300.52.
• On Wednesday, September 11th, Eagle Point Credit Management sold 189 shares of OFS Credit stock. The stock was sold at an average price of $24.46, for a total value of $4,622.94.
• On Thursday, August 29th, Eagle Point Credit Management sold 551 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total value of $13,455.42.
• On Monday, August 26th, Eagle Point Credit Management sold 300 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total value of $7,326.00.
• On Friday, August 23rd, Eagle Point Credit Management sold 123 shares of OFS Credit stock. The shares were sold at an average price of $24.40, for a total value of $3,001.20.
• On Wednesday, August 21st, Eagle Point Credit Management sold 68 shares of OFS Credit stock. The shares were sold at an average price of $24.40, for a total value of $1,659.20.
• On Monday, August 19th, Eagle Point Credit Management sold 1,742 shares of OFS Credit stock. The shares were sold at an average price of $24.37, for a total value of $42,452.54.
• On Wednesday, August 14th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total value of $2,442.00.
• On Monday, August 12th, Eagle Point Credit Management sold 565 shares of OFS Credit stock. The shares were sold at an average price of $24.38, for a total value of $13,774.70.

OFS Credit Stock Performance

NASDAQ OCCI opened at $7.53 on Thursday. The stock has a market capitalization of $118.60 million, a price-to-earnings ratio of 12.98 and a beta of 1.33. The stock’s 50 day moving average price is $7.34 and its two-hundred day moving average price is $7.29. OFS Credit Company, Inc. has a 52 week low of $5.47 and a 52 week high of $7.81.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders 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 18.33%. The ex-dividend date is Monday, October 21st. OFS Credit’s dividend payout ratio is currently 196.56%.

Institutional Investors Weigh In On OFS Credit

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Graypoint LLC raised its stake in shares of OFS Credit by 4.5% during the 2nd quarter. Graypoint LLC now owns 124,991 shares of the company’s stock worth $901,000 after purchasing an additional 5,409 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake 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 purchasing an additional 7,651 shares in the last quarter. Choreo LLC bought a new stake in shares of OFS Credit during the 1st quarter worth approximately $738,000. Lindbrook Capital LLC raised its stake in shares of OFS Credit by 81.7% during the 1st quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after purchasing an additional 3,596 shares in the last quarter. Finally, True North Advisors LLC bought a new stake in shares of OFS Credit during the 1st quarter worth approximately $80,000. Institutional investors own 23.77% of the company’s stock.

About OFS Credit

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