OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) major shareholder Eagle Point Credit Management sold 1,305 shares of OFS Credit stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $23.24, for a total transaction of $30,328.20. Following the completion of the sale, the insider now owns 34,989 shares in the company, valued at $813,144.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- On Tuesday, April 16th, Eagle Point Credit Management sold 74 shares of OFS Credit stock. The shares were sold at an average price of $24.16, for a total transaction of $1,787.84.
- On Wednesday, April 10th, Eagle Point Credit Management sold 17 shares of OFS Credit stock. The stock was sold at an average price of $24.16, for a total transaction of $410.72.
- On Wednesday, March 27th, Eagle Point Credit Management sold 63 shares of OFS Credit stock. The shares were sold at an average price of $24.12, for a total transaction of $1,519.56.
- On Thursday, March 21st, Eagle Point Credit Management sold 1 shares of OFS Credit stock. The shares were sold at an average price of $24.12, for a total transaction of $24.12.
- On Friday, March 15th, Eagle Point Credit Management sold 6 shares of OFS Credit stock. The stock was sold at an average price of $24.12, for a total value of $144.72.
- On Wednesday, March 13th, Eagle Point Credit Management sold 11 shares of OFS Credit stock. The stock was sold at an average price of $24.10, for a total value of $265.10.
- On Thursday, March 7th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The shares were sold at an average price of $24.03, for a total value of $2,403.00.
- On Monday, February 12th, Eagle Point Credit Management sold 42,531 shares of OFS Credit stock. The shares were sold at an average price of $22.63, for a total transaction of $962,476.53.
OFS Credit Stock Up 0.3 %
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Shares of NASDAQ OCCI traded up $0.02 during mid-day trading on Friday, reaching $7.46. 43,783 shares of the company were exchanged, compared to its average volume of 122,909. The stock has a market capitalization of $80.72 million, a P/E ratio of -14.88 and a beta of 1.29. The company's 50-day simple moving average is $7.09 and its 200-day simple moving average is $6.77. OFS Credit Company, Inc. has a twelve month low of $5.47 and a twelve month high of $10.15.
OFS Credit (NASDAQ:OCCI - Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The company reported $0.45 EPS for the quarter. The company had revenue of $8.44 million for the quarter. As a group, equities research analysts expect that OFS Credit Company, Inc. will post 1.14 EPS for the current year.
OFS Credit Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be paid a dividend of $0.105 per share. The ex-dividend date is Friday, July 19th. This represents a $1.26 dividend on an annualized basis and a yield of 16.89%. OFS Credit's payout ratio is -240.00%.
Hedge Funds Weigh In On OFS Credit
A number of institutional investors have recently modified their holdings of OCCI. Lindbrook Capital LLC raised its position in OFS Credit by 81.7% during the 1st quarter. Lindbrook Capital LLC now owns 8,000 shares of the company's stock worth $57,000 after purchasing an additional 3,596 shares during the last quarter. True North Advisors LLC acquired a new stake in shares of OFS Credit in the first quarter valued at about $80,000. PFG Investments LLC bought a new position in shares of OFS Credit during the first quarter worth about $82,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of OFS Credit by 15.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company's stock worth $171,000 after acquiring an additional 3,053 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in 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 last quarter. Institutional investors and hedge funds 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.
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