OFS Credit (NASDAQ:OCCI) Stock Price Up 1.8% – Time to Buy?

OFS Credit Company, Inc. (NASDAQ:OCCI) shares shot up 1.8% on Friday . The stock traded as high as $7.27 and last traded at $7.24. 208,580 shares traded hands during trading, an increase of 8% from the average session volume of 193,665 shares. The stock had previously closed at $7.11.

OFS Credit Trading Up 1.8 %

The business’s fifty day moving average is $7.25 and its two-hundred day moving average is $7.33. The company has a market capitalization of $114.03 million, a PE ratio of 9.65 and a beta of 1.34.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Friday, September 13th. The company reported $0.47 EPS for the quarter. The company had revenue of $7.45 million during the quarter.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, January 21st. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.06%. OFS Credit’s payout ratio is currently 184.00%.

Insider Buying and Selling at OFS Credit

In other OFS Credit news, major shareholder Eagle Point Credit Management sold 1,375 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $23.52, for a total transaction of $32,340.00. Following the sale, the insider now directly owns 31,107 shares of the company’s stock, valued at $731,636.64. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,135 shares of company stock valued at $50,936 over the last 90 days. 2.76% of the stock is currently owned by corporate insiders.

Institutional Trading of OFS Credit

Several hedge funds have recently bought and sold shares of OCCI. Graypoint LLC grew its holdings in shares of OFS Credit by 4.5% in the second quarter. Graypoint LLC now owns 124,991 shares of the company’s stock valued at $901,000 after purchasing an additional 5,409 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of OFS Credit by 51.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock worth $171,000 after buying an additional 7,651 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of OFS Credit in the 3rd quarter worth about $134,000. Hedge funds and other institutional investors own 23.77% of the company’s stock.

About OFS Credit

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