Zacks: Analysts Set $20.00 Target Price for OFS Credit Company Inc (OCCI)
Shares of OFS Credit Company Inc (NASDAQ:OCCI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $20.00 for the company, according to Zacks. Zacks has also given OFS Credit an industry rank of 169 out of 257 based on the ratings given to its competitors.
Separately, LADENBURG THALM/SH SH assumed coverage on OFS Credit in a research report on Thursday, November 1st. They set a “buy” rating and a $20.00 target price for the company.
Shares of OFS Credit stock remained flat at $$17.00 during midday trading on Friday. The company had a trading volume of 6,900 shares, compared to its average volume of 12,957. OFS Credit has a 1-year low of $16.51 and a 1-year high of $19.00.
The business also recently announced a monthly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 12th were given a dividend of $0.167 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 11.79%.
About OFS Credit
OFS Credit Company, Inc operates as a closed-end management investment company in the United States. The company primarily focuses on investing in debt and subordinated securities; corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, such as stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.
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