OFS Credit (NASDAQ:OCCI) Stock Price Up 0.8%

Shares of OFS Credit Company, Inc. (NASDAQ:OCCIGet Free Report) were up 0.8% during trading on Wednesday . The company traded as high as $7.70 and last traded at $7.58. Approximately 142,013 shares were traded during trading, an increase of 7% from the average daily volume of 132,265 shares. The stock had previously closed at $7.52.

OFS Credit Stock Up 0.8 %

The firm has a 50-day moving average price of $7.26 and a two-hundred day moving average price of $6.94. The company has a market capitalization of $82.02 million, a P/E ratio of -15.16 and a beta of 1.32.

OFS Credit (NASDAQ:OCCIGet Free Report) last issued its earnings results on Friday, March 8th. The company reported $0.45 EPS for the quarter. The firm had revenue of $8.44 million during the quarter. On average, analysts predict that OFS Credit Company, Inc. will post 1.14 EPS for the current fiscal year.

OFS Credit Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 16.62%. OFS Credit’s payout ratio is presently -252.00%.

Insiders Place Their Bets

In other OFS Credit news, major shareholder Eagle Point Credit Management sold 5,124 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $24.16, for a total transaction of $123,795.84. Following the sale, the insider now directly owns 36,964 shares of the company’s stock, valued at $893,050.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,742 shares of company stock worth $185,242 over the last three months. 9.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its stake in OFS Credit by 81.7% in the first quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock valued at $57,000 after acquiring an additional 3,596 shares during the last quarter. True North Advisors LLC bought a new stake in shares of OFS Credit in the first quarter worth $80,000. PFG Investments LLC bought a new stake in OFS Credit during the 1st quarter worth about $82,000. B. Riley Wealth Advisors Inc. raised its holdings in OFS Credit by 15.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock worth $171,000 after acquiring an additional 3,053 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of OFS Credit by 29.3% during the 1st quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock worth $192,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

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

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