OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Eagle Point Credit Management Sells 462 Shares

Posted by Gary Stephens on Sep 16th, 2024

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) major shareholder Eagle Point Credit Management sold 462 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $24.46, for a total transaction of $11,300.52. Following the sale, the insider now directly owns 12,948 shares of the company’s stock, valued at approximately $316,708.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

On Wednesday, September 11th, Eagle Point Credit Management sold 189 shares of OFS Credit stock. The stock was sold at an average price of $24.46, for a total transaction of $4,622.94.
On Thursday, August 29th, Eagle Point Credit Management sold 551 shares of OFS Credit stock. The stock was sold at an average price of $24.42, for a total transaction of $13,455.42.
On Monday, August 26th, Eagle Point Credit Management sold 300 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total transaction of $7,326.00.
On Friday, August 23rd, Eagle Point Credit Management sold 123 shares of OFS Credit stock. The shares were sold at an average price of $24.40, for a total transaction of $3,001.20.
On Wednesday, August 21st, Eagle Point Credit Management sold 68 shares of OFS Credit stock. The shares were sold at an average price of $24.40, for a total transaction of $1,659.20.
On Monday, August 19th, Eagle Point Credit Management sold 1,742 shares of OFS Credit stock. The shares were sold at an average price of $24.37, for a total transaction of $42,452.54.
On Wednesday, August 14th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The shares were sold at an average price of $24.42, for a total transaction of $2,442.00.
On Monday, August 12th, Eagle Point Credit Management sold 565 shares of OFS Credit stock. The shares were sold at an average price of $24.38, for a total transaction of $13,774.70.
On Friday, August 9th, Eagle Point Credit Management sold 8 shares of OFS Credit stock. The shares were sold at an average price of $24.38, for a total transaction of $195.04.
On Wednesday, August 7th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The shares were sold at an average price of $24.35, for a total transaction of $2,435.00.

OFS Credit Stock Up 0.8 %

OCCI opened at $7.64 on Monday. OFS Credit Company, Inc. has a twelve month low of $5.47 and a twelve month high of $7.81. The company has a fifty day moving average of $7.33 and a 200-day moving average of $7.27. The stock has a market cap of $120.32 million, a PE ratio of 13.17 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI – Get Free Report) last posted its quarterly earnings data on Friday, September 13th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $7.45 million for the quarter. Sell-side analysts anticipate that OFS Credit Company, Inc. will post 1.14 EPS for the current fiscal year.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be issued a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 18.06%. The ex-dividend date of this dividend is Monday, October 21st. OFS Credit’s payout ratio is 196.55%.

Institutional Investors Weigh In On OFS Credit

A number of large investors have recently bought and sold shares of OCCI. Lindbrook Capital LLC grew its holdings in OFS Credit by 81.7% in the first quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after purchasing an additional 3,596 shares during the period. True North Advisors LLC acquired a new stake in OFS Credit in the first quarter worth $80,000. B. Riley Wealth Advisors Inc. grew its holdings in OFS Credit by 51.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock worth $171,000 after purchasing an additional 7,651 shares during the period. International Assets Investment Management LLC grew its holdings in OFS Credit by 29.3% in the first quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock worth $192,000 after purchasing an additional 6,172 shares during the period. Finally, Choreo LLC acquired a new position in shares of OFS Credit during the first quarter valued at about $738,000. 23.77% of the stock is currently owned by institutional investors and hedge funds.