OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Eagle Point Credit Management Sells 840 Shares

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 840 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.33, for a total value of $20,437.20. Following the completion of the transaction, the insider now owns 20,782 shares in the company, valued at approximately $505,626.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% 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 Wednesday, August 7th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The stock was sold at an average price of $24.35, for a total value of $2,435.00.
• On Monday, August 5th, Eagle Point Credit Management sold 1,578 shares of OFS Credit stock. The stock was sold at an average price of $24.35, for a total value of $38,424.30.
• On Monday, July 22nd, Eagle Point Credit Management sold 651 shares of OFS Credit stock. The stock was sold at an average price of $24.32, for a total value of $15,832.32.
• On Thursday, July 18th, Eagle Point Credit Management sold 8 shares of OFS Credit stock. The stock was sold at an average price of $24.32, for a total value of $194.56.
• On Monday, July 15th, Eagle Point Credit Management sold 596 shares of OFS Credit stock. The stock was sold at an average price of $24.32, for a total value of $14,494.72.
• On Wednesday, July 3rd, Eagle Point Credit Management sold 3,472 shares of OFS Credit stock. The stock was 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 stock was 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 value 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 value of $12,438.80.

OFS Credit Stock Down 0.1 %

Shares of OCCI traded down $0.01 on Wednesday, reaching $7.21. The stock had a trading volume of 275,407 shares, compared to its average volume of 143,276. The firm has a market capitalization of $113.55 million, a PE ratio of 12.43 and a beta of 1.33. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $7.19. OFS Credit Company, Inc. has a twelve month low of $5.47 and a twelve month high of $8.52.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings results on Tuesday, June 11th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $8.07 million during the quarter. On average, sell-side analysts anticipate that OFS Credit Company, Inc. will post 1.14 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be issued a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.14%. The ex-dividend date is Monday, October 21st. OFS Credit’s dividend payout ratio is currently 272.41%.

Institutional Investors Weigh In On OFS Credit

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in OFS Credit in the 4th quarter valued at approximately $992,000. Choreo LLC purchased a new stake in OFS Credit in the 1st quarter valued at approximately $738,000. Arlington Capital Management Inc. purchased a new stake in OFS Credit in the 4th quarter valued at approximately $264,000. Graypoint LLC lifted its stake in OFS Credit by 5.1% in the 4th quarter. Graypoint LLC now owns 112,776 shares of the company’s stock valued at $729,000 after buying an additional 5,516 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in OFS Credit by 596.9% in the 4th quarter. International Assets Investment Management LLC now owns 136,047 shares of the company’s stock valued at $879,000 after buying an additional 116,525 shares in the last quarter. 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.