Zacks Investment Research lowered shares of OFS Credit (NASDAQ:OCCI) from a hold rating to a sell rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “OFS Credit Company Inc. operates as a closed-end management investment company. It primarily focuses on investing in debt and subordinated securities; corporate credit investments including leveraged loans and high yield bonds; opportunistic credit investments. OFS Credit Company Inc. is based in Chicago, United States. “

NASDAQ:OCCI opened at $17.83 on Friday. OFS Credit has a 1 year low of $13.75 and a 1 year high of $19.00. The company has a 50 day moving average of $18.03.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be paid a $0.167 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.24%. The ex-dividend date is Tuesday, July 23rd.

A hedge fund recently raised its stake in OFS Credit stock. Thomas J. Herzfeld Advisors Inc. lifted its holdings in OFS Credit Company Inc (NASDAQ:OCCI) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 303,497 shares of the company’s stock after buying an additional 18,661 shares during the quarter. OFS Credit makes up about 2.0% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 13th biggest position. Thomas J. Herzfeld Advisors Inc. owned 12.12% of OFS Credit worth $5,417,000 as of its most recent SEC filing. Institutional investors and hedge funds own 18.98% of the company’s stock.

About OFS Credit

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

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