OFS Credit (OCCIO) Projected to Post Earnings on Friday

OFS Credit (NASDAQ:OCCIO) is expected to be releasing 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 Stock Up 0.1%

Shares of OCCIO stock opened at $25.02 on Thursday. OFS Credit has a one year low of $24.20 and a one year high of $25.80. The company’s 50-day simple moving average is $25.03 and its 200-day simple moving average is $24.99.

OFS Credit Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.1234 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Investors Weigh In On OFS Credit

A hedge fund recently bought a new stake in OFS Credit stock. Karpus Management Inc. acquired a new position in shares of OFS Credit Company, Inc. (NASDAQ:OCCIO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 78,615 shares of the company’s stock, valued at approximately $1,959,000.

About OFS Credit

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed‐end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle‐market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second‐lien and mezzanine debt, and opportunistic equity interests.