OFS Credit (NASDAQ:OCCIN) Trading Up 0% – Here’s What Happened

OFS Credit Company, Inc. (NASDAQ:OCCIN) shot up 0% during trading on Thursday . The stock traded as high as $24.69 and last traded at $24.61. 2,280 shares were traded during trading, a decline of 76% from the average session volume of 9,698 shares. The stock had previously closed at $24.60.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of OFS Credit in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

OFS Credit Price Performance

The business has a 50-day moving average of $24.51 and a 200 day moving average of $24.43.

OFS Credit Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1094 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 5.3%.

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.