OFS Credit (NASDAQ:OCCIN) Shares Down 0.1% – Here’s What Happened

Shares of OFS Credit Company, Inc. (NASDAQ:OCCIN) were down 0.1% during mid-day trading on Friday. The company traded as low as $24.85 and last traded at $24.89. 2,552 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 3,242 shares. The stock had previously closed at $24.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of OFS Credit in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, OFS Credit has an average rating of “Sell”.

OFS Credit Stock Down 0.1%

The company’s 50 day moving average price is $24.92 and its two-hundred day moving average price is $24.79.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.1094 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.31 annualized dividend and a yield of 5.3%.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.