OFS Credit (NASDAQ:OCCI) Releases Earnings Results, Misses Expectations By $0.07 EPS

OFS Credit (NASDAQ:OCCIGet Free Report) posted its quarterly earnings results on Friday. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07), Zacks reports. The company had revenue of $12.05 million during the quarter, compared to analyst estimates of $12.05 million.

OFS Credit Stock Down 0.3%

OCCI stock opened at $6.11 on Friday. The company has a market cap of $96.23 million, a PE ratio of 35.94 and a beta of 0.71. The business has a 50-day simple moving average of $5.96 and a 200 day simple moving average of $6.28. OFS Credit has a 52 week low of $5.26 and a 52 week high of $7.78.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.115 dividend. This represents a c) dividend on an annualized basis and a yield of 22.6%. The ex-dividend date of this dividend was Friday, August 15th. OFS Credit’s payout ratio is 876.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in OFS Credit by 61.3% in the second quarter. Osaic Holdings Inc. now owns 10,783 shares of the company’s stock valued at $67,000 after purchasing an additional 4,100 shares in the last quarter. Raymond James Financial Inc. acquired a new position in OFS Credit in the second quarter valued at about $26,000. Jane Street Group LLC bought a new position in OFS Credit in the first quarter valued at about $385,000. Finally, NewEdge Advisors LLC grew its position in OFS Credit by 21.6% in the first quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock valued at $108,000 after acquiring an additional 3,138 shares during the last quarter. Institutional investors and hedge funds own 23.77% of the company’s stock.

OFS Credit Company Profile

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

Further Reading

Earnings History for OFS Credit (NASDAQ:OCCI)

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