OFS Credit (NASDAQ:OCCI) Announces Earnings Results

OFS Credit (NASDAQ:OCCI - Get Free Report) issued its earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13, Zacks reports. The company had revenue of $10.24 million during the quarter, compared to analysts' expectations of $11.44 million. During the same quarter in the prior year, the business posted $0.28 EPS.

OFS Credit Trading Down 1.1%

OCCI stock traded down $0.07 during midday trading on Friday, reaching $6.31. 249,719 shares of the company's stock traded hands, compared to its average volume of 290,753. OFS Credit has a 52-week low of $5.26 and a 52-week high of $7.81. The stock has a market cap of $99.38 million, a P/E ratio of 7.01 and a beta of 0.78. The stock's 50-day moving average is $6.41 and its 200 day moving average is $6.81.

OFS Credit Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Friday, June 20th. OFS Credit's dividend payout ratio (DPR) is 805.88%.

Institutional Investors Weigh In On OFS Credit

A hedge fund recently bought a new stake in OFS Credit stock. Jane Street Group LLC bought a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,853 shares of the company's stock, valued at approximately $385,000. Jane Street Group LLC owned approximately 0.40% of OFS Credit as of its most recent filing with the Securities and Exchange Commission (SEC). 23.77% of the stock is currently owned by hedge funds and other institutional investors.

About OFS Credit

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