OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) dropped 0.5% during mid-day trading on Monday . The company traded as low as $6.22 and last traded at $6.24. Approximately 190,894 shares changed hands during trading, a decline of 36% from the average daily volume of 297,281 shares. The stock had previously closed at $6.27.
OFS Credit Stock Down 0.4%
The stock has a fifty day moving average of $6.25 and a 200-day moving average of $6.63. The stock has a market cap of $97.73 million, a PE ratio of 36.46 and a beta of 0.77.
OFS Credit (NASDAQ:OCCI - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The company had revenue of $10.24 million for the quarter, compared to analysts' expectations of $11.44 million. During the same period in the prior year, the business earned $0.28 EPS. Equities research analysts forecast that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.
Hedge Funds Weigh In On OFS Credit
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MinichMacGregor Wealth Management LLC purchased a new position in shares of OFS Credit during the second quarter worth about $73,000. Nicolet Advisory Services LLC purchased a new stake in OFS Credit in the 4th quarter valued at approximately $105,000. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 3,138 shares in the last quarter. Jane Street Group LLC purchased a new stake in OFS Credit in the 1st quarter valued at approximately $385,000. Finally, Virtu Financial LLC purchased a new stake in OFS Credit in the 1st quarter valued at approximately $432,000. Hedge funds and other institutional investors 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.
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