Virtus ETF Advisers LLC increased its stake in OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,110 shares of the company's stock after acquiring an additional 39,531 shares during the quarter. OFS Credit accounts for approximately 0.9% of Virtus ETF Advisers LLC's portfolio, making the stock its largest position. Virtus ETF Advisers LLC owned approximately 2.02% of OFS Credit worth $2,262,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nicolet Advisory Services LLC acquired a new position in OFS Credit during the fourth quarter worth $105,000. Virtu Financial LLC bought a new position in OFS Credit in the 3rd quarter valued at about $134,000. LPL Financial LLC boosted its stake in OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company's stock valued at $757,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Graypoint LLC increased its holdings in OFS Credit by 25.9% during the 4th quarter. Graypoint LLC now owns 164,826 shares of the company's stock worth $1,172,000 after purchasing an additional 33,857 shares in the last quarter. 23.77% of the stock is owned by institutional investors.
OFS Credit Stock Performance
Shares of OCCI stock remained flat at $6.61 during trading hours on Tuesday. The stock had a trading volume of 123,578 shares, compared to its average volume of 277,063. The company has a market capitalization of $104.10 million, a P/E ratio of 7.34 and a beta of 1.01. OFS Credit Company, Inc. has a 52 week low of $5.26 and a 52 week high of $7.81. The firm has a 50 day moving average of $6.62 and a two-hundred day moving average of $6.99.
OFS Credit (NASDAQ:OCCI - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million during the quarter, compared to analysts' expectations of $9.59 million. As a group, equities research analysts predict that OFS Credit Company, Inc. will post 0.89 earnings per share for the current year.
OFS Credit Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. OFS Credit's payout ratio is 215.87%.
OFS Credit Company Profile
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Free Report)
OFS Credit Company, Inc is a fund of OFS Advisor.
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