OFS Credit (OCCIN) Projected to Release Earnings on Friday

OFS Credit (NASDAQ:OCCIN) is projected to issue its results before the market opens on Friday, September 11th. Analysts expect the company to post earnings of $0.23 per share and revenue of $9.4170 million for the quarter.

OFS Credit Trading Up 0.0%

OFS Credit stock opened at $24.96 on Thursday. The stock has a 50 day moving average of $24.88 and a 200-day moving average of $24.76. OFS Credit has a 52 week low of $24.21 and a 52 week high of $26.00.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.1094 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) annualized dividend and a yield of 5.3%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.