OFS Credit (OCCI) Expected to Announce Quarterly Earnings on Friday

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

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $11.97 million during the quarter, compared to analyst estimates of $12.77 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 Stock Performance

Shares of OCCI stock opened at $2.93 on Friday. The stock’s 50 day simple moving average is $4.45 and its 200 day simple moving average is $4.98. OFS Credit has a twelve month low of $2.87 and a twelve month high of $7.17. The company has a market capitalization of $46.15 million, a price-to-earnings ratio of -7.92 and a beta of 0.59.

OFS Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 20.5%. OFS Credit’s dividend payout ratio (DPR) is currently -372.97%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of OFS Credit from a “buy” rating to a “hold” rating in a report on Saturday, January 31st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OCCI. Raymond James Financial Inc. bought a new stake in shares of OFS Credit in the second quarter valued at approximately $26,000. StoneX Group Inc. acquired a new position in OFS Credit during the 4th quarter valued at $55,000. Kestra Private Wealth Services LLC bought a new stake in OFS Credit in the 3rd quarter valued at $56,000. Virtu Financial LLC acquired a new stake in OFS Credit in the 3rd quarter worth $58,000. Finally, One Capital Management LLC acquired a new stake in OFS Credit in the 3rd quarter worth $58,000. 23.77% of the stock is currently owned by institutional investors and hedge funds.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.