OFS Credit (OCCI) to Release Quarterly Earnings on Monday

OFS Credit (NASDAQ:OCCI) is expected to post its quarterly earnings results before the market opens on Monday, June 9th. Analysts expect OFS Credit to post earnings of $0.24 per share and revenue of $11.44 million for the quarter.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $10.06 million for the quarter, compared to analysts’ expectations of $9.59 million. On average, analysts expect OFS Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OFS Credit Trading Up 1.8%

OFS Credit stock opened at $6.17 on Monday. The firm’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.87. The firm has a market capitalization of $97.17 million, a PE ratio of 6.86 and a beta of 0.84. OFS Credit has a 1-year low of $5.26 and a 1-year high of $7.81.

OFS Credit Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, June 20th. OFS Credit’s dividend payout ratio (DPR) is presently 217.46%.

Institutional Trading of OFS Credit

A hedge fund recently bought a new stake in OFS Credit stock. Jane Street Group LLC purchased a new position in OFS Credit Company, Inc. (NASDAQ:OCCI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 62,853 shares of the company’s stock, valued at approximately $385,000. Jane Street Group LLC owned about 0.40% of OFS Credit at the end of the most recent reporting period. 23.77% of the stock is owned by institutional investors and hedge funds.

OFS Credit Company Profile

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