OFS Credit (NASDAQ:OCCI) Upgraded at Wall Street Zen

OFS Credit (NASDAQ:OCCI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

OFS Credit Stock Down 6.0%

Shares of OFS Credit stock opened at $4.56 on Friday. The business has a fifty day simple moving average of $4.90 and a 200 day simple moving average of $5.59. The stock has a market cap of $71.82 million, a PE ratio of -12.32 and a beta of 0.62. OFS Credit has a 12 month low of $4.31 and a 12 month high of $7.58.

OFS Credit (NASDAQ:OCCI) last issued its earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $11.97 million during the quarter, compared to analysts’ expectations of $12.77 million. Analysts expect that OFS Credit will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On OFS Credit

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in OFS Credit during the 2nd quarter worth $26,000. TIAA Trust National Association bought a new stake in shares of OFS Credit in the third quarter worth about $54,000. Kestra Private Wealth Services LLC bought a new stake in shares of OFS Credit in the third quarter worth about $56,000. Virtu Financial LLC acquired a new stake in shares of OFS Credit during the third quarter worth about $58,000. Finally, One Capital Management LLC bought a new position in shares of OFS Credit during the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 23.77% of the company’s stock.

OFS Credit Company Profile

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