OFS Credit Company Inc (NASDAQ:OCCI) Receives Consensus Recommendation of “Strong Buy” from Brokerages

OFS Credit Company Inc (NASDAQ:OCCI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $19.00 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 91 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of OFS Credit from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd.

OCCI traded up $0.01 during midday trading on Wednesday, reaching $17.31. 927 shares of the company’s stock were exchanged, compared to its average volume of 13,180. The company’s 50-day moving average price is $17.91. OFS Credit has a 1-year low of $13.75 and a 1-year high of $19.00.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be given a $0.167 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend is Tuesday, July 23rd.

An institutional investor recently raised its position in OFS Credit stock. Thomas J. Herzfeld Advisors Inc. increased its position in OFS Credit Company Inc (NASDAQ:OCCI) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,497 shares of the company’s stock after buying an additional 18,661 shares during the period. OFS Credit comprises 2.0% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 13th largest holding. Thomas J. Herzfeld Advisors Inc. owned approximately 12.12% of OFS Credit worth $5,417,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.98% of the company’s stock.

OFS Credit Company Profile

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

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