NewEdge Advisors LLC Lowers Holdings in OFS Credit Company, Inc. (NASDAQ:OCCI)

NewEdge Advisors LLC lowered its holdings in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,558 shares of the company’s stock after selling 1,800 shares during the period. NewEdge Advisors LLC’s holdings in OFS Credit were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after buying an additional 1,445 shares in the last quarter. Nicolet Advisory Services LLC purchased a new position in OFS Credit during the fourth quarter valued at $105,000. Virtu Financial LLC bought a new stake in OFS Credit in the 3rd quarter valued at $134,000. Finally, Graypoint LLC increased its holdings in OFS Credit by 25.9% in the 4th quarter. Graypoint LLC now owns 164,826 shares of the company’s stock valued at $1,172,000 after acquiring an additional 33,857 shares during the last quarter. Institutional investors own 23.77% of the company’s stock.

OFS Credit Stock Up 1.5 %

OCCI opened at $6.78 on Friday. OFS Credit Company, Inc. has a 52 week low of $5.26 and a 52 week high of $7.81. The firm has a 50-day simple moving average of $6.61 and a two-hundred day simple moving average of $6.97. The company has a market capitalization of $106.78 million, a PE ratio of 7.53 and a beta of 1.01.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $10.06 million for the quarter, compared to analysts’ expectations of $9.59 million. As a group, sell-side analysts expect that OFS Credit Company, Inc. will post 0.89 earnings per share for the current year.

OFS Credit Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.115 per share. The ex-dividend date is Tuesday, May 20th. OFS Credit’s payout ratio is 215.87%.

OFS Credit Profile

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