OFS Credit (NASDAQ:OCCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OFS Credit (NASDAQ:OCCI) from a hold rating to a buy rating in a research report released on Saturday morning.

OFS Credit Price Performance

OFS Credit stock opened at $4.56 on Friday. The firm has a 50-day moving average price of $4.89 and a two-hundred day moving average price of $5.58. The firm has a market capitalization of $71.82 million, a price-to-earnings ratio of -12.32 and a beta of 0.62. OFS Credit has a 52-week low of $4.31 and a 52-week high of $7.58.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $11.97 million during the quarter, compared to the consensus estimate of $12.77 million. Research analysts expect that OFS Credit will post 0.89 earnings per share for the current year.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a dividend yield of 30.3%. The ex-dividend date is Thursday, January 15th. OFS Credit’s payout ratio is -402.70%.

Institutional Investors Weigh In On OFS Credit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in OFS Credit during the 3rd quarter valued at $56,000. Virtu Financial LLC acquired a new stake in shares of OFS Credit in the third quarter valued at $58,000. One Capital Management LLC acquired a new stake in shares of OFS Credit in the third quarter valued at $58,000. TIAA Trust National Association bought a new position in OFS Credit during the third quarter valued at about $54,000. Finally, Arkadios Wealth Advisors acquired a new position in OFS Credit during the third quarter worth about $66,000. Institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

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