OFS Credit (OCCI) Projected to Post Quarterly Earnings on Tuesday

OFS Credit (NASDAQ:OCCI) will likely be posting its results before the market opens on Tuesday, June 9th. Analysts expect OFS Credit to post earnings of $0.30 per share and revenue of $11.16 million for the quarter.

OFS Credit Stock Performance

Shares of OCCI opened at $3.31 on Tuesday. OFS Credit has a fifty-two week low of $2.62 and a fifty-two week high of $6.43. The company has a market capitalization of $96.29 million, a PE ratio of -2.53 and a beta of 0.68. The stock has a fifty day moving average of $3.13 and a two-hundred day moving average of $3.89.

OFS Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a c) annualized dividend and a yield of 18.1%. The ex-dividend date is Wednesday, July 15th. OFS Credit’s dividend payout ratio is presently -90.08%.

Institutional Trading of OFS Credit

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in OFS Credit by 21.6% in the 1st quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock valued at $108,000 after buying an additional 3,138 shares during the period. Jane Street Group LLC purchased a new position in shares of OFS Credit during the 1st quarter worth about $385,000. Raymond James Financial Inc. acquired a new stake in shares of OFS Credit in the second quarter worth approximately $26,000. Osaic Holdings Inc. grew its holdings in OFS Credit by 61.3% in the second 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. Finally, One Capital Management LLC purchased a new stake in OFS Credit in the third quarter valued at approximately $58,000. 23.77% of the stock is owned by institutional investors and hedge funds.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.