OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 58,900 shares, an increase of 62.7% from the March 31st total of 36,200 shares. Based on an average trading volume of 110,500 shares, the short-interest ratio is presently 0.5 days.

OFS Credit Stock Up 0.6 %

Shares of NASDAQ OCCI traded up $0.04 on Friday, reaching $7.04. 61,600 shares of the company’s stock traded hands, compared to its average volume of 115,847. The business’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.75. OFS Credit has a 12 month low of $5.47 and a 12 month high of $10.15. The company has a market cap of $76.12 million, a price-to-earnings ratio of -14.07 and a beta of 1.31.

OFS Credit (NASDAQ:OCCI) last released its earnings results on Friday, March 8th. The company reported $0.45 EPS for the quarter. The company had revenue of $8.44 million during the quarter. Analysts forecast that OFS Credit will post 1.14 earnings per share for the current fiscal year.

OFS Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.20 dividend on an annualized basis and a yield of 17.06%. OFS Credit’s payout ratio is currently -240.00%.

Insider Buying and Selling at OFS Credit

In related news, major shareholder Eagle Point Credit Management sold 3,975 shares of OFS Credit stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $22.92, for a total transaction of $91,107.00. Following the sale, the insider now directly owns 172,191 shares in the company, valued at $3,946,617.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 70,093 shares of company stock valued at $1,590,210. 9.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OCCI. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of OFS Credit by 83.6% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 881,224 shares of the company’s stock worth $6,248,000 after buying an additional 401,164 shares during the last quarter. Principal Securities Inc. purchased a new stake in OFS Credit in the fourth quarter worth about $992,000. International Assets Investment Management LLC raised its stake in shares of OFS Credit by 596.9% in the fourth quarter. International Assets Investment Management LLC now owns 136,047 shares of the company’s stock worth $879,000 after buying an additional 116,525 shares during the period. Graypoint LLC purchased a new stake in OFS Credit in the 3rd quarter worth approximately $760,000. Finally, Arlington Capital Management Inc. bought a new stake in OFS Credit during the 4th quarter worth approximately $264,000. 23.77% of the stock is owned by institutional investors.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.