OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells $25,078.08 in Stock

OFS Credit Company, Inc. (NASDAQ:OCCIGet Free Report) major shareholder Eagle Point Credit Management sold 1,038 shares of OFS Credit stock in a transaction on Monday, July 8th. The shares were sold at an average price of $24.16, for a total value of $25,078.08. Following the completion of the transaction, the insider now owns 23,803 shares of the company’s stock, valued at approximately $575,080.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

  • On Wednesday, July 3rd, Eagle Point Credit Management sold 3,472 shares of OFS Credit stock. The stock was sold at an average price of $24.21, for a total value of $84,057.12.
  • On Friday, July 5th, Eagle Point Credit Management sold 738 shares of OFS Credit stock. The stock was sold at an average price of $23.97, for a total value of $17,689.86.
  • On Monday, July 1st, Eagle Point Credit Management sold 104 shares of OFS Credit stock. The stock was sold at an average price of $23.31, for a total value of $2,424.24.
  • On Friday, June 28th, Eagle Point Credit Management sold 514 shares of OFS Credit stock. The stock was sold at an average price of $24.20, for a total value of $12,438.80.
  • On Monday, June 24th, Eagle Point Credit Management sold 27 shares of OFS Credit stock. The stock was sold at an average price of $24.23, for a total value of $654.21.
  • On Thursday, June 20th, Eagle Point Credit Management sold 11 shares of OFS Credit stock. The stock was sold at an average price of $24.24, for a total value of $266.64.
  • On Monday, June 17th, Eagle Point Credit Management sold 125 shares of OFS Credit stock. The stock was sold at an average price of $24.22, for a total value of $3,027.50.
  • On Friday, June 14th, Eagle Point Credit Management sold 563 shares of OFS Credit stock. The shares were sold at an average price of $23.69, for a total value of $13,337.47.
  • On Monday, June 3rd, Eagle Point Credit Management sold 302 shares of OFS Credit stock. The shares were sold at an average price of $24.26, for a total value of $7,326.52.
  • On Thursday, May 30th, Eagle Point Credit Management sold 5 shares of OFS Credit stock. The shares were sold at an average price of $23.35, for a total value of $116.75.

OFS Credit Stock Performance

Shares of NASDAQ OCCI opened at $7.42 on Thursday. The stock has a 50 day moving average price of $7.40 and a 200 day moving average price of $7.11. OFS Credit Company, Inc. has a 52 week low of $5.47 and a 52 week high of $8.52. The stock has a market capitalization of $116.86 million, a PE ratio of 12.79 and a beta of 1.33.

OFS Credit (NASDAQ:OCCIGet Free Report) last issued its quarterly earnings results on Tuesday, June 11th. The company reported $0.53 EPS for the quarter. The company had revenue of $8.07 million for the quarter. As a group, research analysts forecast that OFS Credit Company, Inc. will post 1.14 EPS for the current year.

OFS Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be paid a $0.105 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.26 annualized dividend and a yield of 16.98%. OFS Credit’s dividend payout ratio is 251.72%.

Institutional Trading of OFS Credit

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in OFS Credit in the fourth quarter valued at approximately $992,000. Choreo LLC bought a new stake in OFS Credit in the first quarter valued at approximately $738,000. B. Riley Wealth Advisors Inc. raised its stake in OFS Credit by 15.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock valued at $171,000 after buying an additional 3,053 shares during the period. Arlington Capital Management Inc. bought a new stake in OFS Credit in the fourth quarter valued at approximately $264,000. Finally, Graypoint LLC raised its stake in OFS Credit by 5.1% in the fourth quarter. Graypoint LLC now owns 112,776 shares of the company’s stock valued at $729,000 after buying an additional 5,516 shares during the period. Institutional investors own 23.77% of the company’s stock.

About OFS Credit

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OFS Credit Company, Inc is a fund of OFS Advisor.

Further Reading

Insider Buying and Selling by Quarter for OFS Credit (NASDAQ:OCCI)

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