Insider Selling: OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells $12,438.80 in Stock

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 514 shares of OFS Credit stock in a transaction on Friday, June 28th. The stock was sold at an average price of $24.20, for a total value of $12,438.80. Following the sale, the insider now directly owns 33,361 shares of the company’s stock, valued at approximately $807,336.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Monday, July 1st, Eagle Point Credit Management sold 104 shares of OFS Credit stock. The stock was sold at an average price of $23.31, for a total transaction of $2,424.24.
• On Monday, June 24th, Eagle Point Credit Management sold 27 shares of OFS Credit stock. The stock was sold at an average price of $24.23, for a total transaction of $654.21.
• On Thursday, June 20th, Eagle Point Credit Management sold 11 shares of OFS Credit stock. The stock was sold at an average price of $24.24, for a total transaction of $266.64.
• On Monday, June 17th, Eagle Point Credit Management sold 125 shares of OFS Credit stock. The shares were sold at an average price of $24.22, for a total transaction of $3,027.50.
• On Friday, June 14th, Eagle Point Credit Management sold 563 shares of OFS Credit stock. The stock was sold at an average price of $23.69, for a total value of $13,337.47.
• On Monday, June 3rd, Eagle Point Credit Management sold 302 shares of OFS Credit stock. The stock was sold at an average price of $24.26, for a total value of $7,326.52.
• On Thursday, May 30th, Eagle Point Credit Management sold 5 shares of OFS Credit stock. The stock was sold at an average price of $23.35, for a total value of $116.75.
• On Friday, May 24th, Eagle Point Credit Management sold 2 shares of OFS Credit stock. The shares were sold at an average price of $24.22, for a total value of $48.44.
• On Friday, May 17th, Eagle Point Credit Management sold 25 shares of OFS Credit stock. The shares were sold at an average price of $24.20, for a total transaction of $605.00.
• On Wednesday, May 15th, Eagle Point Credit Management sold 5,124 shares of OFS Credit stock. The stock was sold at an average price of $24.16, for a total transaction of $123,795.84.

OFS Credit Price Performance

Shares of OCCI opened at $7.20 on Friday. The firm has a 50 day simple moving average of $7.37 and a two-hundred day simple moving average of $7.08. The company has a market cap of $113.40 million, a P/E ratio of 12.41 and a beta of 1.33. OFS Credit Company, Inc. has a one year low of $5.47 and a one year high of $8.60.

OFS Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.26 annualized dividend and a dividend yield of 17.50%. OFS Credit’s dividend payout ratio is currently 234.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted 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 valued at $171,000 after purchasing an additional 7,651 shares in the last quarter. Graypoint LLC boosted its position in OFS Credit by 6.0% in the first quarter. Graypoint LLC now owns 119,582 shares of the company’s stock valued at $856,000 after buying an additional 6,806 shares in the last quarter. Choreo LLC bought a new stake in shares of OFS Credit during the first quarter worth $738,000. Lindbrook Capital LLC increased its holdings in shares of OFS Credit by 81.7% during the first quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after buying an additional 3,596 shares in the last quarter. Finally, PFG Investments LLC bought a new position in shares of OFS Credit in the 1st quarter valued at $82,000. Institutional investors own 23.77% of the company’s stock.

About OFS Credit

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