Eagle Point Credit Management Sells 1,375 Shares of OFS Credit Company, Inc. (NASDAQ:OCCI) Stock

Posted by Maddie Sorensen on Sep 25th, 2024

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) major shareholder Eagle Point Credit Management sold 1,375 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $23.52, for a total value of $32,340.00. Following the completion of the transaction, the insider now owns 31,107 shares in the company, valued at approximately $731,636.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

On Friday, September 13th, Eagle Point Credit Management sold 462 shares of OFS Credit stock. The stock was sold at an average price of $24.46, for a total value of $11,300.52.
On Wednesday, September 11th, Eagle Point Credit Management sold 189 shares of OFS Credit stock. The shares were sold at an average price of $24.46, for a total value of $4,622.94.
On Thursday, August 29th, Eagle Point Credit Management sold 551 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total value of $13,455.42.
On Monday, August 26th, Eagle Point Credit Management sold 300 shares of OFS Credit stock. The stock was sold at an average price of $24.42, for a total transaction of $7,326.00.
On Friday, August 23rd, Eagle Point Credit Management sold 123 shares of OFS Credit stock. The stock was sold at an average price of $24.40, for a total transaction of $3,001.20.
On Wednesday, August 21st, Eagle Point Credit Management sold 68 shares of OFS Credit stock. The shares were sold at an average price of $24.40, for a total transaction of $1,659.20.
On Monday, August 19th, Eagle Point Credit Management sold 1,742 shares of OFS Credit stock. The shares were sold at an average price of $24.37, for a total transaction of $42,452.54.
On Wednesday, August 14th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The stock was sold at an average price of $24.42, for a total value of $2,442.00.
On Monday, August 12th, Eagle Point Credit Management sold 565 shares of OFS Credit stock. The stock was sold at an average price of $24.38, for a total value of $13,774.70.
On Friday, August 9th, Eagle Point Credit Management sold 8 shares of OFS Credit stock. The stock was sold at an average price of $24.38, for a total transaction of $195.04.

OFS Credit Price Performance

OCCI opened at $7.47 on Wednesday. The firm has a market cap of $117.65 million, a P/E ratio of 12.88 and a beta of 1.33. OFS Credit Company, Inc. has a 1-year low of $5.47 and a 1-year high of $7.81. The company has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $7.29.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be paid a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a yield of 18.47%. The ex-dividend date is Monday, October 21st. OFS Credit’s payout ratio is 196.55%.

Institutional Investors Weigh In On OFS Credit

Hedge funds have recently bought and sold shares of the business. Choreo LLC purchased a new stake in shares of OFS Credit in the first quarter valued at $738,000. B. Riley Wealth Advisors Inc. raised its stake in shares of OFS Credit by 51.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock valued at $171,000 after acquiring an additional 7,651 shares during the period. Graypoint LLC raised its stake in shares of OFS Credit by 4.5% in the second quarter. Graypoint LLC now owns 124,991 shares of the company’s stock valued at $901,000 after acquiring an additional 5,409 shares during the period. International Assets Investment Management LLC raised its stake in shares of OFS Credit by 29.3% in the first quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock valued at $192,000 after acquiring an additional 6,172 shares during the period. Finally, True North Advisors LLC purchased a new stake in shares of OFS Credit in the first quarter valued at $80,000. Hedge funds and other institutional investors own 23.77% of the company’s stock.