Insider Selling: OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells $14,494.72 in Stock

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 596 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $24.32, for a total transaction of $14,494.72. Following the completion of the sale, the insider now owns 22,281 shares of the company’s stock, valued at approximately $541,873.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 3rd, Eagle Point Credit Management sold 3,472 shares of OFS Credit stock. The shares were sold at an average price of $24.21, for a total value of $84,057.12.
• On Monday, July 8th, Eagle Point Credit Management sold 1,038 shares of OFS Credit stock. The stock was sold at an average price of $24.16, for a total value of $25,078.08.
• On Friday, July 5th, Eagle Point Credit Management sold 738 shares of OFS Credit stock. The shares were sold at an average price of $23.97, for a total value of $17,689.86.
• 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 Friday, June 28th, Eagle Point Credit Management sold 514 shares of OFS Credit stock. The stock was sold at an average price of $24.20, for a total transaction of $12,438.80.
• On Monday, June 24th, Eagle Point Credit Management sold 27 shares of OFS Credit stock. The shares were sold at an average price of $24.23, for a total value 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 value of $266.64.
• On Monday, June 17th, Eagle Point Credit Management sold 125 shares of OFS Credit stock. The stock was sold at an average price of $24.22, for a total value of $3,027.50.
• On Friday, June 14th, Eagle Point Credit Management sold 563 shares of OFS Credit stock. The shares were 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 shares were sold at an average price of $24.26, for a total transaction of $7,326.52.

OFS Credit Trading Down 1.8 %

OFS Credit stock opened at $7.16 on Friday. The firm’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $7.15. OFS Credit Company, Inc. has a 1-year low of $5.47 and a 1-year high of $8.52. The firm has a market capitalization of $112.76 million, a PE ratio of 12.34 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $8.07 million during the quarter. Research analysts forecast that OFS Credit Company, Inc. will post 1.14 earnings per share for the current year.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be paid a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a dividend yield of 17.60%. The ex-dividend date is Friday, July 19th. OFS Credit’s dividend payout ratio (DPR) is presently 251.72%.

Institutional Investors Weigh In On OFS Credit

A number of hedge funds have recently made changes to their positions in OCCI. Principal Securities Inc. purchased a new position in OFS Credit in the 4th quarter worth $992,000. International Assets Investment Management LLC increased its holdings in shares of OFS Credit by 596.9% in the fourth quarter. International Assets Investment Management LLC now owns 136,047 shares of the company’s stock worth $879,000 after buying an additional 116,525 shares during the period. Choreo LLC bought a new stake in shares of OFS Credit in the 1st quarter valued at about $738,000. Arlington Capital Management Inc. purchased a new stake in OFS Credit during the 4th quarter valued at about $264,000. Finally, PFG Investments LLC bought a new position in OFS Credit during the 1st quarter worth approximately $82,000. 23.77% of the stock is currently owned by institutional investors.

About OFS Credit

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