OFS Credit (NASDAQ:OCCI - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.13, Zacks reports.
OFS Credit Stock Up 1.5%
OCCI traded up $0.09 during trading on Tuesday, hitting $6.27. The company's stock had a trading volume of 228,448 shares, compared to its average volume of 288,942. The business's 50 day simple moving average is $6.37 and its 200-day simple moving average is $6.83. The firm has a market cap of $98.75 million, a PE ratio of 6.97 and a beta of 0.78. OFS Credit has a one year low of $5.26 and a one year high of $7.81.
OFS Credit Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be given a dividend of $0.115 per share. The ex-dividend date is Friday, June 20th. OFS Credit's payout ratio is currently 217.46%.
Institutional Investors Weigh In On OFS Credit
An institutional investor recently raised its position in OFS Credit stock. NewEdge Advisors LLC raised its stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) by 21.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,696 shares of the company's stock after purchasing an additional 3,138 shares during the period. NewEdge Advisors LLC owned 0.11% of OFS Credit worth $108,000 as of its most recent SEC filing. Institutional investors own 23.77% of the company's stock.
About OFS Credit
(
Get Free Report)
OFS Credit Company, Inc is a fund of OFS Advisor.
Read More
Before you consider OFS Credit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OFS Credit wasn't on the list.
While OFS Credit currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
