OFS Credit (NASDAQ:OCCI) Raised to Hold at Wall Street Zen

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

OFS Credit Price Performance

Shares of OCCI opened at $2.50 on Friday. The company’s fifty day moving average is $3.16 and its 200-day moving average is $3.73. OFS Credit has a 12 month low of $2.43 and a 12 month high of $6.30. The firm has a market cap of $72.72 million, a price-to-earnings ratio of -2.05 and a beta of 0.68.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $9.20 million for the quarter.

Institutional Trading of OFS Credit

A number of institutional investors and hedge funds 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 approximately $385,000. Kestra Advisory Services LLC boosted its position in shares of OFS Credit by 32.3% in the fourth quarter. Kestra Advisory Services LLC now owns 82,856 shares of the company’s stock valued at $401,000 after acquiring an additional 20,238 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of OFS Credit in the fourth quarter valued at approximately $62,000. StoneX Group Inc. acquired a new stake in shares of OFS Credit in the fourth quarter worth $55,000. Finally, Virtu Financial LLC acquired a new stake in shares of OFS Credit in the third quarter worth $58,000. Institutional investors and hedge funds own 23.77% of the company’s stock.

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.