OFS Credit (NASDAQ:OCCI) Trading Down 0.3% – What’s Next?

OFS Credit Company, Inc. (NASDAQ:OCCI)’s stock price fell 0.3% on Wednesday . The stock traded as low as $3.33 and last traded at $3.34. 182,430 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 303,283 shares. The stock had previously closed at $3.35.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of OFS Credit from a “buy” rating to a “hold” rating in a report on Saturday, January 31st.

OFS Credit Stock Down 0.3%

The firm has a market cap of $97.16 million, a P/E ratio of -2.55 and a beta of 0.66. The firm’s fifty day moving average is $3.11 and its two-hundred day moving average is $3.92.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 18.0%. OFS Credit’s payout ratio is -90.08%.

Institutional Trading of OFS Credit

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in OFS Credit in the second quarter valued at $26,000. TIAA Trust National Association bought a new stake in shares of OFS Credit during the 3rd quarter valued at $54,000. StoneX Group Inc. bought a new stake in shares of OFS Credit during the 4th quarter valued at $55,000. Kestra Private Wealth Services LLC bought a new stake in shares of OFS Credit during the 3rd quarter valued at $56,000. Finally, Virtu Financial LLC bought a new stake in shares of OFS Credit during the 3rd quarter valued at $58,000. Institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.