OFS Credit (NASDAQ:OCCIN) Stock Price Up 0.1% – Here’s What Happened

OFS Credit Company, Inc. (NASDAQ:OCCIN) rose 0.1% on Monday . The company traded as high as $24.62 and last traded at $24.61. Approximately 1,875 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 4,174 shares. The stock had previously closed at $24.58.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OFS Credit presently has an average rating of “Sell”.

OFS Credit Stock Performance

The company’s 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $24.52.

OFS Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.1094 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.