OFS Credit (NASDAQ:OCCIN) Shares Up 0% – Still a Buy?

OFS Credit Company, Inc. (NASDAQ:OCCIN) shares traded up 0% on Thursday . The stock traded as high as $24.69 and last traded at $24.61. 2,280 shares changed hands during trading, a decline of 76% from the average session volume of 9,698 shares. The stock had previously closed at $24.60.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of OFS Credit in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

OFS Credit Trading Up 0.0%

The company has a fifty day moving average of $24.51 and a 200-day moving average of $24.43.

OFS Credit Announces Dividend

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