OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 58,900 shares, an increase of 62.7% from the March 31st total of 36,200 shares. Based on an average trading volume of 110,500 shares, the short-interest ratio is presently 0.5 days.
OFS Credit Stock Up 0.6 %
Shares of NASDAQ OCCI traded up $0.04 on Friday, reaching $7.04. 61,600 shares of the company’s stock traded hands, compared to its average volume of 115,847. The business’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.75. OFS Credit has a 12 month low of $5.47 and a 12 month high of $10.15. The company has a market cap of $76.12 million, a price-to-earnings ratio of -14.07 and a beta of 1.31.
OFS Credit (NASDAQ:OCCI – Get Free Report) last released its earnings results on Friday, March 8th. The company reported $0.45 EPS for the quarter. The company had revenue of $8.44 million during the quarter. Analysts forecast that OFS Credit will post 1.14 earnings per share for the current fiscal year.
OFS Credit Announces Dividend
Insider Buying and Selling at OFS Credit
In related news, major shareholder Eagle Point Credit Management sold 3,975 shares of OFS Credit stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $22.92, for a total transaction of $91,107.00. Following the sale, the insider now directly owns 172,191 shares in the company, valued at $3,946,617.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 70,093 shares of company stock valued at $1,590,210. 9.43% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of OCCI. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of OFS Credit by 83.6% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 881,224 shares of the company’s stock worth $6,248,000 after buying an additional 401,164 shares during the last quarter. Principal Securities Inc. purchased a new stake in OFS Credit in the fourth quarter worth about $992,000. International Assets Investment Management LLC raised its stake in shares of OFS Credit by 596.9% in the fourth quarter. International Assets Investment Management LLC now owns 136,047 shares of the company’s stock worth $879,000 after buying an additional 116,525 shares during the period. Graypoint LLC purchased a new stake in OFS Credit in the 3rd quarter worth approximately $760,000. Finally, Arlington Capital Management Inc. bought a new stake in OFS Credit during the 4th quarter worth approximately $264,000. 23.77% of the stock is owned by institutional investors.
OFS Credit Company Profile
OFS Credit Company, Inc is a fund of OFS Advisor.
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