OFS Credit (NASDAQ:OCCI) Trading Down 0.5% – Time to Sell?

OFS Credit Company, Inc. (NASDAQ:OCCI)’s stock price traded down 0.5% on Monday . The stock traded as low as $6.22 and last traded at $6.24. 190,894 shares traded hands during trading, a decline of 36% from the average session volume of 297,281 shares. The stock had previously closed at $6.27.

OFS Credit Stock Performance

The stock has a market capitalization of $98.28 million, a price-to-earnings ratio of 36.71 and a beta of 0.77. The firm’s 50 day moving average is $6.28 and its 200-day moving average is $6.65.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Tuesday, June 10th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $10.24 million for the quarter, compared to analysts’ expectations of $11.44 million. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, sell-side analysts forecast that OFS Credit Company, Inc. will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On OFS Credit

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of OFS Credit in the first quarter worth approximately $385,000. NewEdge Advisors LLC grew its holdings in shares of OFS Credit by 21.6% during the first quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $108,000 after buying an additional 3,138 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of OFS Credit in the first quarter valued at about $432,000. Graypoint LLC raised its position in shares of OFS Credit by 2.3% in the first quarter. Graypoint LLC now owns 168,540 shares of the company’s stock valued at $1,031,000 after buying an additional 3,714 shares during the last quarter. Finally, Virtus ETF Advisers LLC lifted its stake in shares of OFS Credit by 14.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock worth $2,262,000 after buying an additional 39,531 shares in the last quarter. 23.77% of the stock is currently owned by institutional investors and hedge funds.

OFS Credit Company Profile

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