OFS Credit Company Inc (OCCI) Given Average Rating of “Strong Buy” by Analysts
Shares of OFS Credit Company Inc (NASDAQ:OCCI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $20.00 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 169 out of 257 based on the ratings given to its competitors.
Separately, LADENBURG THALM/SH SH began coverage on OFS Credit in a research note on Thursday, November 1st. They issued a “buy” rating and a $20.00 target price for the company.
The company also recently announced a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 12th were paid a $0.167 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 11.79%.
In other news, insider Bilal Rashid bought 77,500 shares of the stock in a transaction dated Wednesday, October 10th. The stock was bought at an average cost of $20.00 per share, with a total value of $1,550,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
OFS Credit Company Profile
OFS Credit Company, Inc operates as a closed-end management investment company in the United States. The company primarily focuses on investing in debt and subordinated securities; corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, such as stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.
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