OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Sees Large Decrease in Short Interest
by Jessica Moore · The Cerbat GemOFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,500 shares, a drop of 77.1% from the March 15th total of 10,920 shares. Based on an average daily trading volume, of 2,426 shares, the short-interest ratio is currently 1.0 days.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance
Shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock traded down $0.32 during midday trading on Friday, reaching $24.85. The company had a trading volume of 572 shares, compared to its average volume of 2,071. The stock has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $25.07. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 1-year low of $24.18 and a 1-year high of $26.06.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.1641 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.
Institutional Trading of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock
An institutional investor recently bought a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. purchased a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock makes up 1.4% of Karpus Management Inc.’s investment portfolio, making the stock its 24th largest holding.
OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.
The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.