Insider Selling: OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells 462 Shares of Stock
Eagle Point Credit Management, a major shareholder of OFS Credit Company, Inc. (NASDAQ:OCCI), sold 462 shares at an average price of $0.46 on September 13th, totaling $21,300.52. Post-transaction, they hold 12,948 shares valued at $5,708.08. This sale is part of a series of transactions, including sales on September 11th, August 29th, and earlier dates. OFS Credit's stock performance shows a 52-week low of $0.47 and a high of $0.81, with a recent trading price of $0.64. The company also announced a monthly dividend of $0.115, payable on October 31st.
OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) major shareholder Eagle Point Credit Management sold 462 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $24.46, for a total transaction of $11,300.52. Following the completion of the transaction, the insider now owns 12,948 shares of the company's stock, valued at $316,708.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 shares were 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 stock was sold at an average price of $24.42, for a total value 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 value of $3,001.20.
- On Wednesday, August 21st, Eagle Point Credit Management sold 68 shares of OFS Credit stock. The stock was sold at an average price of $24.40, for a total value 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 value of $42,452.54.
- On Wednesday, August 14th, Eagle Point Credit Management sold 100 shares of OFS Credit stock. The stock was 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 stock was sold at an average price of $24.35, for a total transaction of $2,435.00.
OFS Credit Price Performance
OCCI traded up $0.06 during trading on Friday, reaching $7.64. 307,969 shares of the stock traded hands, compared to its average volume of 161,072. OFS Credit Company, Inc. has a fifty-two week low of $5.47 and a fifty-two week high of $7.81. The stock's 50-day simple moving average is $7.32 and its two-hundred day simple moving average is $7.26. The stock has a market cap of $120.33 million, a price-to-earnings ratio of 13.17 and a beta of 1.33.
OFS Credit (NASDAQ:OCCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $0.53 EPS for the quarter. The firm had revenue of $8.07 million during the quarter. Research analysts anticipate that OFS Credit Company, Inc. will post 1.14 earnings per share for the current fiscal year.
OFS Credit Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be given a $0.115 dividend. This represents a $1.38 annualized dividend and a yield of 18.06%. The ex-dividend date is Monday, October 21st. OFS Credit's dividend payout ratio is 272.42%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC lifted its stake in shares of OFS Credit by 81.7% in the 1st quarter. Lindbrook Capital LLC now owns 8,000 shares of the company's stock valued at $57,000 after purchasing an additional 3,596 shares during the last quarter. True North Advisors LLC acquired a new stake in shares of OFS Credit in the first quarter worth about $80,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of OFS Credit by 51.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company's stock worth $171,000 after acquiring an additional 7,651 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of OFS Credit by 29.3% during the 1st quarter. International Assets Investment Management LLC now owns 27,232 shares of the company's stock valued at $192,000 after acquiring an additional 6,172 shares during the last quarter. Finally, Choreo LLC acquired a new position in shares of OFS Credit during the 1st quarter valued at about $738,000. Institutional investors and hedge funds own 23.77% of the company's stock.
About OFS Credit
(Get Free Report)OFS Credit Company, Inc is a fund of OFS Advisor.
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