OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) shares rose 1.5% during trading on Friday . The company traded as high as $7.32 and last traded at $7.29. Approximately 610,257 shares traded hands during mid-day trading, an increase of 122% from the average daily volume of 274,724 shares. The stock had previously closed at $7.18.
OFS Credit Stock Down 2.6 %
The stock has a market cap of $111.83 million, a P/E ratio of 7.89 and a beta of 1.34. The firm has a 50 day moving average price of $7.17 and a 200 day moving average price of $7.26.
OFS Credit (NASDAQ:OCCI - Get Free Report) last released its earnings results on Wednesday, December 11th. The company reported $0.57 EPS for the quarter. Equities analysts predict that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.
OFS Credit Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.44%. The ex-dividend date is Thursday, April 17th. OFS Credit's dividend payout ratio (DPR) is 144.45%.
Institutional Investors Weigh In On OFS Credit
A number of institutional investors have recently bought and sold shares of the business. Graypoint LLC boosted its stake in shares of OFS Credit by 4.8% in the third quarter. Graypoint LLC now owns 130,969 shares of the company's stock worth $970,000 after acquiring an additional 5,978 shares during the period. Virtu Financial LLC purchased a new position in OFS Credit in the 3rd quarter worth approximately $134,000. LPL Financial LLC boosted its stake in OFS Credit by 1.4% in the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company's stock worth $757,000 after purchasing an additional 1,445 shares during the period. Nicolet Advisory Services LLC purchased a new stake in OFS Credit during the 4th quarter valued at approximately $105,000. Finally, Virtus ETF Advisers LLC raised its position in shares of OFS Credit by 14.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company's stock valued at $2,262,000 after buying an additional 39,531 shares during the last quarter. Hedge funds and other institutional investors own 23.77% of the company's stock.
OFS Credit Company Profile
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
Further Reading
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