OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report)'s share price traded down 3.1% on Friday . The stock traded as low as $5.30 and last traded at $5.31. 291,076 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 269,773 shares. The stock had previously closed at $5.48.
OFS Credit Trading Down 3.1%
The firm's 50 day simple moving average is $5.84 and its two-hundred day simple moving average is $6.19. The firm has a market cap of $83.63 million, a price-to-earnings ratio of 22.13 and a beta of 0.71.
OFS Credit (NASDAQ:OCCI - Get Free Report) last issued its quarterly earnings data on Friday, September 12th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $12.05 million for the quarter, compared to analyst estimates of $12.05 million. As a group, equities research analysts anticipate that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.
OFS Credit Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.115 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 26.0%. The ex-dividend date of this dividend was Friday, August 15th. OFS Credit's dividend payout ratio is currently 575.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of OFS Credit in the second quarter valued at $26,000. Osaic Holdings Inc. raised its holdings in shares of OFS Credit by 61.3% in the second quarter. Osaic Holdings Inc. now owns 10,783 shares of the company's stock valued at $67,000 after purchasing an additional 4,100 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of OFS Credit in the second quarter valued at about $69,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of OFS Credit in the second quarter valued at about $73,000. Finally, Prospera Financial Services Inc purchased a new stake in shares of OFS Credit in the second quarter valued at about $74,000. Institutional investors and hedge funds own 23.77% of the company's stock.
OFS Credit Company Profile
(
Get Free Report)
OFS Credit Company, Inc is a fund of OFS Advisor.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
