OFS Credit (NASDAQ:OCCIN) Stock Price Up 0.1% – Still a Buy?

OFS Credit Company, Inc. (NASDAQ:OCCIN) shares rose 0.1% on Monday . The company traded as high as $24.62 and last traded at $24.61. Approximately 1,875 shares changed hands during trading, a decline of 55% from the average daily volume of 4,174 shares. The stock had previously closed at $24.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

OFS Credit Trading Up 0.1%

The stock’s fifty day simple moving average is $24.62 and its two-hundred day simple moving average is $24.52.

OFS Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.1094 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) 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.