OFS Credit (NASDAQ:OCCI) Posts Quarterly Earnings Results

by · The Cerbat Gem

OFS Credit (NASDAQ:OCCI – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share for the quarter, Zacks reports.

OFS Credit Trading Down 5.0%

Shares of OCCI stock traded down $0.26 during trading on Wednesday, reaching $4.80. 113,281 shares of the company’s stock traded hands, compared to its average volume of 312,832. The firm’s 50-day moving average is $4.95 and its 200 day moving average is $5.61. The company has a market capitalization of $75.52 million, a P/E ratio of 19.98 and a beta of 0.62. OFS Credit has a 1 year low of $4.31 and a 1 year high of $7.58.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $0.115 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 28.8%. OFS Credit’s payout ratio is 620.83%.

Institutional Investors Weigh In On OFS Credit

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in OFS Credit in the 1st quarter worth about $385,000. NewEdge Advisors LLC grew its stake in OFS Credit by 21.6% during the first quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock valued at $108,000 after acquiring an additional 3,138 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in OFS Credit by 61.3% in the 2nd quarter. Osaic Holdings Inc. now owns 10,783 shares of the company’s stock valued at $67,000 after purchasing an additional 4,100 shares during the period. Virtu Financial LLC bought a new position in OFS Credit in the 3rd quarter valued at $58,000. Finally, One Capital Management LLC purchased a new position in OFS Credit during the third quarter worth about $58,000. Hedge funds and other institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

(Get Free Report)

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

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