Shares of OFS Credit Company Inc (NASDAQ:OCCI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $19.00 for the company, according to Zacks. Zacks has also given OFS Credit an industry rank of 104 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of OFS Credit from a “hold” rating to a “sell” rating in a report on Saturday.
A hedge fund recently raised its stake in OFS Credit stock. Thomas J. Herzfeld Advisors Inc. increased its holdings in OFS Credit Company Inc (NASDAQ:OCCI) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,497 shares of the company’s stock after purchasing an additional 18,661 shares during the quarter. OFS Credit accounts for 2.0% of Thomas J. Herzfeld Advisors Inc.’s holdings, making the stock its 13th biggest position. Thomas J. Herzfeld Advisors Inc. owned about 12.12% of OFS Credit worth $5,417,000 as of its most recent SEC filing. Institutional investors own 18.98% of the company’s stock.
Shares of OCCI stock traded down $0.12 during midday trading on Tuesday, reaching $17.71. 40,900 shares of the company were exchanged, compared to its average volume of 12,721. OFS Credit has a 12 month low of $13.75 and a 12 month high of $19.00. The business has a 50 day simple moving average of $18.02.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th will be issued a $0.167 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.32%.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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