OFS Credit (OCCIN) Projected to Post Quarterly Earnings on Friday

OFS Credit (NASDAQ:OCCIN) is expected to announce its results before the market opens on Friday, March 6th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit Stock Performance

OCCIN stock opened at $24.79 on Friday. The firm’s 50-day moving average is $24.61 and its two-hundred day moving average is $24.47. OFS Credit has a 52 week low of $23.50 and a 52 week high of $24.87.

OFS Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1094 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.3%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of OFS Credit in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, OFS Credit currently has an average rating of “Hold”.

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.