OFS Credit (OCCI) to Post Quarterly Earnings on Friday

OFS Credit (NASDAQ:OCCI) is anticipated to post its results before the market opens on Friday, September 11th. Analysts expect OFS Credit to post earnings of $0.23 per share and revenue of $9.4170 million for the quarter.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $9.20 million during the quarter.

OFS Credit Price Performance

NASDAQ:OCCI opened at $2.63 on Thursday. OFS Credit has a 1-year low of $2.15 and a 1-year high of $6.14. The firm has a market capitalization of $77.24 million, a price-to-earnings ratio of -2.16 and a beta of 0.72. The company’s 50-day moving average is $2.53 and its two-hundred day moving average is $2.85.

OFS Credit Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a c) annualized dividend and a yield of 22.8%. OFS Credit’s dividend payout ratio (DPR) is -81.15%.

Institutional Investors Weigh In On OFS Credit

A number of institutional investors and hedge funds have recently made changes to their positions in OCCI. Raymond James Financial Inc. acquired a new position in shares of OFS Credit in the 2nd quarter worth approximately $26,000. StoneX Group Inc. purchased a new stake in OFS Credit in the fourth quarter valued at approximately $55,000. Kestra Private Wealth Services LLC purchased a new stake in OFS Credit in the third quarter valued at approximately $56,000. Virtu Financial LLC acquired a new position in OFS Credit during the third quarter worth $58,000. Finally, One Capital Management LLC acquired a new position in OFS Credit during the third quarter worth $58,000. 23.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded OFS Credit from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.