OFS Credit (OCCIO) Expected to Announce Earnings on Friday

OFS Credit (NASDAQ:OCCIO) is anticipated to issue its results before the market opens on Friday, March 6th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit Price Performance

Shares of OCCIO opened at $24.99 on Wednesday. The company’s fifty day simple moving average is $25.03 and its 200-day simple moving average is $24.99. OFS Credit has a twelve month low of $24.20 and a twelve month high of $25.80.

OFS Credit Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.1234 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFS Credit stock. Karpus Management Inc. acquired a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCIO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 78,615 shares of the company’s stock, valued at approximately $1,959,000.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed‐end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle‐market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second‐lien and mezzanine debt, and opportunistic equity interests.