OFS Credit (NASDAQ:OCCI - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, June 10th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $11.44 million for the quarter.
OFS Credit (NASDAQ:OCCI - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million during the quarter, compared to the consensus estimate of $9.59 million. On average, analysts expect OFS Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
OFS Credit Stock Down 0.6%
Shares of NASDAQ:OCCI traded down $0.04 during midday trading on Monday, reaching $6.14. 210,579 shares of the company traded hands, compared to its average volume of 286,853. OFS Credit has a 12 month low of $5.26 and a 12 month high of $7.81. The firm has a market capitalization of $96.70 million, a price-to-earnings ratio of 6.82 and a beta of 0.84. The firm's fifty day moving average price is $6.40 and its two-hundred day moving average price is $6.87.
OFS Credit Cuts Dividend
The business 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 of this dividend is Friday, June 20th. OFS Credit's dividend payout ratio is presently 217.46%.
Institutional Investors Weigh In On OFS Credit
An institutional investor recently bought a new position in OFS Credit stock. Jane Street Group LLC purchased 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 & Exchange Commission. The institutional investor purchased 62,853 shares of the company's stock, valued at approximately $385,000. Jane Street Group LLC owned 0.40% of OFS Credit as of its most recent SEC filing. Hedge funds and other institutional investors own 23.77% of the company's stock.
About OFS Credit
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
Further Reading
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