OFS Credit (NASDAQ:OCCI - Get Free Report) announced its earnings results on Friday. The company reported $0.31 earnings per share (EPS) for the quarter, Zacks reports.
OFS Credit Stock Up 2.2%
Shares of NASDAQ:OCCI opened at $6.13 on Friday. The company has a market capitalization of $96.55 million, a price-to-earnings ratio of 36.06 and a beta of 0.71. OFS Credit has a 52 week low of $5.26 and a 52 week high of $7.78. The firm has a 50 day moving average of $5.96 and a 200 day moving average of $6.29.
OFS Credit Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.115 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 22.5%. OFS Credit's dividend payout ratio is 811.76%.
Hedge Funds Weigh In On OFS Credit
Several hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in shares of OFS Credit by 61.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,783 shares of the company's stock valued at $67,000 after buying an additional 4,100 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OFS Credit during the 2nd quarter worth about $26,000. Jane Street Group LLC purchased a new stake in shares of OFS Credit during the 1st quarter worth about $385,000. Finally, NewEdge Advisors LLC lifted its stake in OFS Credit by 21.6% in the 1st quarter. NewEdge Advisors LLC now owns 17,696 shares of the company's stock valued at $108,000 after buying an additional 3,138 shares in the last quarter. 23.77% of the stock is owned by institutional investors and hedge funds.
About OFS Credit
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
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