OFS Credit (OCCI) to Release Earnings on Friday

OFS Credit (NASDAQ:OCCI) will likely be posting its results before the market opens on Friday, March 6th. Analysts expect OFS Credit to post earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit (NASDAQ:OCCI) last posted its 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 analysts’ expectations of $12.77 million. On average, analysts expect OFS Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OFS Credit Stock Down 3.0%

Shares of OCCI stock opened at $2.87 on Thursday. The firm has a market capitalization of $45.20 million, a price-to-earnings ratio of -7.76 and a beta of 0.63. The stock has a fifty day moving average of $4.31 and a 200 day moving average of $4.89. OFS Credit has a 52 week low of $2.83 and a 52 week high of $7.17.

OFS Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 20.9%. The ex-dividend date of this dividend is Wednesday, April 15th. OFS Credit’s dividend payout ratio (DPR) is currently -372.97%.

Institutional Trading of OFS Credit

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of OFS Credit during the second quarter valued at approximately $26,000. StoneX Group Inc. bought a new position in OFS Credit in the 4th quarter valued at approximately $55,000. Kestra Private Wealth Services LLC purchased a new stake in OFS Credit during the 3rd quarter valued at $56,000. Virtu Financial LLC purchased a new stake in OFS Credit during the 3rd quarter valued at $58,000. Finally, One Capital Management LLC bought a new stake in shares of OFS Credit in the 3rd quarter worth $58,000. 23.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of OFS Credit from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st.

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.