OFS Credit (NASDAQ:OCCI) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

OFS Credit (NASDAQ:OCCIGet Free Report) posted its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02), Zacks reports. The company had revenue of $8.65 million for the quarter, compared to analyst estimates of $9.42 million.

OFS Credit Trading Down 0.8%

OCCI opened at $2.34 on Friday. The company has a 50 day moving average of $2.50 and a 200 day moving average of $2.82. The company has a market cap of $68.73 million, a PE ratio of -1.34 and a beta of 0.72. OFS Credit has a 12 month low of $2.15 and a 12 month high of $5.81.

OFS Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 25.6%. The ex-dividend date is Thursday, October 15th. OFS Credit’s dividend payout ratio is presently -76.23%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of OFS Credit from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st.

Check Out Our Latest Analysis on OCCI

OFS Credit Company Profile

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OFS Credit Company, Inc is a closed-end investment company that seeks to generate current income and, to a lesser extent, capital appreciation by investing in collateralized loan obligations (CLOs). Its portfolio primarily consists of CLO equity and debt tranches, which are securities backed by pools of senior secured corporate loans.

The company’s investments generally provide exposure to corporate borrowers through the underlying loan portfolios rather than through direct lending by OFS Credit.

Further Reading

Earnings History for OFS Credit (NASDAQ:OCCI)

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