OFS Credit (NASDAQ:OCCI) Posts Earnings Results

OFS Credit (NASDAQ:OCCI) posted its quarterly earnings results on Friday. The company reported $0.62 EPS for the quarter, reports. The firm had revenue of $7.23 million during the quarter.

OFS Credit Stock Down 1.9 %

Shares of OCCI stock opened at $7.92 on Monday. The business has a 50 day moving average of $8.14 and a two-hundred day moving average of $8.82. OFS Credit has a 52 week low of $7.71 and a 52 week high of $10.69. The company has a market cap of $85.67 million, a P/E ratio of -5.08 and a beta of 1.32.

OFS Credit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.20 dividend on an annualized basis and a yield of 27.78%. OFS Credit’s dividend payout ratio (DPR) is -141.03%.

Hedge Funds Weigh In On OFS Credit

A number of hedge funds and other institutional investors have recently bought and sold shares of OCCI. Jane Street Group LLC acquired a new position in OFS Credit in the third quarter valued at approximately $99,000. Kovack Advisors Inc. acquired a new position in shares of OFS Credit during the first quarter valued at $104,000. NewEdge Advisors LLC boosted its holdings in shares of OFS Credit by 17.9% during the second quarter. NewEdge Advisors LLC now owns 13,536 shares of the company’s stock valued at $123,000 after acquiring an additional 2,054 shares during the period. First Republic Investment Management Inc. acquired a new position in shares of OFS Credit during the first quarter valued at $148,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of OFS Credit during the second quarter valued at $148,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

About OFS Credit

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