OFS Credit (NASDAQ:OCCIN) Stock Price Down 0.1% – Should You Sell?

OFS Credit Company, Inc. (NASDAQ:OCCIN) was down 0.1% on Friday. The company traded as low as $24.85 and last traded at $24.89. Approximately 2,552 shares were traded during mid-day trading, a decline of 21% from the average session volume of 3,242 shares. The stock had previously closed at $24.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of OFS Credit in a research note on Friday, September 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

OFS Credit Price Performance

The stock has a 50-day simple moving average of $24.92 and a two-hundred day simple moving average of $24.79.

OFS Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1094 per share. This represents a $1.31 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.