OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) major shareholder Eagle Point Credit Management sold 551 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $24.42, for a total value of $13,455.42. Following the transaction, the insider now directly owns 13,789 shares in the company, valued at $336,727.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- On Monday, August 26th, Eagle Point Credit Management sold 300 shares of OFS Credit stock. The stock was sold at an average price of $24.42, for a total value of $7,326.00.
- On Friday, August 23rd, Eagle Point Credit Management sold 123 shares of OFS Credit stock. The stock was sold at an average price of $24.40, for a total value of $3,001.20.
- On Wednesday, August 21st, Eagle Point Credit Management sold 68 shares of OFS Credit stock. The stock was sold at an average price of $24.40, for a total value of $1,659.20.
- On Monday, August 19th, Eagle Point Credit Management sold 1,742 shares of OFS Credit stock. The stock was sold at an average price of $24.37, for a total value of $42,452.54.
- On Wednesday, August 14th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The stock was sold at an average price of $24.42, for a total value of $2,442.00.
- On Monday, August 12th, Eagle Point Credit Management sold 565 shares of OFS Credit stock. The stock was sold at an average price of $24.38, for a total value of $13,774.70.
- On Friday, August 9th, Eagle Point Credit Management sold 8 shares of OFS Credit stock. The shares were sold at an average price of $24.38, for a total value of $195.04.
- On Wednesday, August 7th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The shares were sold at an average price of $24.35, for a total value of $2,435.00.
- On Monday, August 5th, Eagle Point Credit Management sold 1,578 shares of OFS Credit stock. The shares were sold at an average price of $24.35, for a total value of $38,424.30.
- On Friday, August 2nd, Eagle Point Credit Management sold 840 shares of OFS Credit stock. The shares were sold at an average price of $24.33, for a total value of $20,437.20.
OFS Credit Price Performance
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NASDAQ OCCI opened at $7.36 on Thursday. The stock's fifty day moving average price is $7.28 and its 200 day moving average price is $7.23. OFS Credit Company, Inc. has a 1 year low of $5.47 and a 1 year high of $8.33. The company has a market cap of $115.91 million, a price-to-earnings ratio of 12.69 and a beta of 1.33.
OFS Credit (NASDAQ:OCCI - Get Free Report) last released its earnings results on Tuesday, June 11th. The company reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $8.07 million during the quarter. Research analysts expect that OFS Credit Company, Inc. will post 1.14 earnings per share for the current year.
OFS Credit Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be issued a $0.115 dividend. This represents a $1.38 annualized dividend and a yield of 18.75%. The ex-dividend date is Monday, October 21st. OFS Credit's payout ratio is 196.55%.
Institutional Investors Weigh In On OFS Credit
Several hedge funds have recently added to or reduced their stakes in OCCI. Principal Securities Inc. purchased a new stake in OFS Credit in the fourth quarter valued at $992,000. Choreo LLC purchased a new stake in OFS Credit in the first quarter valued at $738,000. Arlington Capital Management Inc. purchased a new stake in OFS Credit in the fourth quarter valued at $264,000. True North Advisors LLC purchased a new stake in OFS Credit in the first quarter valued at $80,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in OFS Credit by 51.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company's stock valued at $171,000 after purchasing an additional 7,651 shares during the last quarter. 23.77% of the stock is owned by hedge funds and other institutional investors.
About OFS Credit
(
Get Free Report)
OFS Credit Company, Inc is a fund of OFS Advisor.
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