Zacks: OFS Credit Company Inc (NASDAQ:OCCI) Receives Average Recommendation of “Strong Buy” from Brokerages

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Shares of OFS Credit Company Inc (NASDAQ:OCCI) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $18.00 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 93 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of OFS Credit from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Thursday, September 19th.

OCCI stock traded down $0.02 during trading on Tuesday, reaching $16.68. 6,200 shares of the company were exchanged, compared to its average volume of 14,884. OFS Credit has a 52-week low of $13.75 and a 52-week high of $19.00. The stock’s 50 day moving average price is $17.15 and its 200 day moving average price is $17.41.

Several institutional investors have recently added to or reduced their stakes in OCCI. ACG Wealth acquired a new stake in OFS Credit during the 3rd quarter valued at $198,000. CIBC Private Wealth Group LLC acquired a new stake in OFS Credit during the 2nd quarter valued at $212,000. Susquehanna International Group LLP acquired a new stake in OFS Credit during the 2nd quarter valued at $222,000. Finally, AdvisorNet Financial Inc acquired a new stake in OFS Credit during the 3rd quarter valued at $230,000. 20.60% of the stock is owned by institutional investors.

About OFS Credit

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

Recommended Story: Why do analysts give a neutral rating?

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