Virtu Financial LLC Takes $432,000 Position in OFS Credit Company, Inc. $OCCI

Key Points

• Virtu Financial LLC acquired 70,562 shares of OFS Credit Company, Inc. (NASDAQ:OCCI) for approximately $432,000, representing about 0.45% ownership in the company.
• OFS Credit recently reported earnings of $0.37 per share for the last quarter, which exceeded analysts' expectations of $0.24, with revenue of $10.24 million.
• The company has announced a monthly dividend of $0.115 per share, which will be paid on October 31st, reflecting a high annualized dividend yield of 24.2%.

Virtu Financial LLC purchased a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,562 shares of the company's stock, valued at approximately $432,000. Virtu Financial LLC owned 0.45% of OFS Credit at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of OFS Credit by 1.4% during the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company's stock worth $757,000 after buying an additional 1,445 shares in the last quarter. Graypoint LLC increased its holdings in shares of OFS Credit by 2.3% during the first quarter. Graypoint LLC now owns 168,540 shares of the company's stock worth $1,031,000 after buying an additional 3,714 shares in the last quarter. Finally, Virtus ETF Advisers LLC increased its holdings 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 worth $2,262,000 after buying an additional 39,531 shares in the last quarter. Institutional investors and hedge funds own 23.77% of the company's stock.

OFS Credit Stock Performance

Shares of NASDAQ OCCI traded up $0.02 during mid-day trading on Tuesday, hitting $5.64. 45,511 shares of the stock were exchanged, compared to its average volume of 322,981. The company has a market cap of $88.83 million, a P/E ratio of 33.18 and a beta of 0.80. The stock's fifty day simple moving average is $6.08 and its two-hundred day simple moving average is $6.43. OFS Credit Company, Inc. has a twelve month low of $5.26 and a twelve month high of $7.78.

OFS Credit (NASDAQ:OCCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $10.24 million for the quarter, compared to analyst estimates of $11.44 million. During the same period in the previous year, the business posted $0.28 EPS. As a group, equities research analysts predict that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.115 per share. This represents a c) annualized dividend and a dividend yield of 24.5%. The ex-dividend date of this dividend is Wednesday, October 15th. OFS Credit's dividend payout ratio is 882.35%.

OFS Credit Profile

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