OFS Credit (OCCI) Expected to Announce Earnings on Friday

OFS Credit (NASDAQ:OCCI) is anticipated to announce its results before the market opens on Friday, March 6th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit (NASDAQ:OCCI) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $11.97 million during the quarter, compared to analyst estimates 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 Trading Down 1.7%

Shares of OFS Credit stock opened at $2.96 on Wednesday. The stock’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.91. The firm has a market cap of $46.62 million, a P/E ratio of -8.00 and a beta of 0.63. OFS Credit has a 12 month low of $2.83 and a 12 month high of $7.17.

OFS Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 20.3%. OFS Credit’s dividend payout ratio (DPR) is -372.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of OFS Credit during the 1st quarter worth approximately $385,000. Kestra Advisory Services LLC grew its holdings in OFS Credit by 32.3% in the fourth quarter. Kestra Advisory Services LLC now owns 82,856 shares of the company’s stock worth $401,000 after purchasing an additional 20,238 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of OFS Credit during the fourth quarter worth $62,000. StoneX Group Inc. purchased a new stake in shares of OFS Credit during the 4th quarter valued at $55,000. Finally, Virtu Financial LLC acquired a new stake in shares of OFS Credit in the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 23.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of OFS Credit from a “buy” rating to a “hold” rating in a report 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.