OFS Credit (NASDAQ:OCCI) Stock Rating Upgraded by Wall Street Zen

OFS Credit (NASDAQ:OCCI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

OFS Credit Trading Down 6.0%

OCCI opened at $4.56 on Friday. The stock has a market capitalization of $71.82 million, a P/E ratio of -12.32 and a beta of 0.62. OFS Credit has a 12 month low of $4.31 and a 12 month high of $7.58. The firm’s fifty day simple moving average is $4.90 and its 200 day simple moving average is $5.59.

OFS Credit (NASDAQ:OCCI) last released its earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $11.97 million during the quarter, compared to analysts’ expectations of $12.77 million. On average, equities research analysts predict that OFS Credit will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On OFS Credit

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of OFS Credit by 21.6% in the first quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $108,000 after purchasing an additional 3,138 shares in the last quarter. Jane Street Group LLC bought a new position in OFS Credit in the first quarter valued at $385,000. MinichMacGregor Wealth Management LLC acquired a new stake in OFS Credit in the 2nd quarter valued at $73,000. Naviter Wealth LLC bought a new stake in OFS Credit during the 2nd quarter worth about $128,000. Finally, Prospera Financial Services Inc bought a new stake in OFS Credit during the 2nd quarter worth about $74,000. 23.77% of the stock is owned by institutional investors.

OFS Credit Company Profile

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