OFS Credit (NASDAQ:OCCI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of OFS Credit (NASDAQ:OCCI) from a sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “OFS Credit Company Inc. operates as a closed-end management investment company. It primarily focuses on investing in debt and subordinated securities; corporate credit investments including leveraged loans and high yield bonds; opportunistic credit investments. OFS Credit Company Inc. is based in Chicago, United States. “

Shares of NASDAQ:OCCI opened at $16.53 on Wednesday. The firm’s fifty day moving average is $17.06 and its 200-day moving average is $17.57. OFS Credit has a 52 week low of $13.75 and a 52 week high of $19.00.

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.167 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.12%.

Several large investors have recently modified their holdings of OCCI. Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of OFS Credit by 6.6% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 303,497 shares of the company’s stock worth $5,417,000 after purchasing an additional 18,661 shares during the period. Susquehanna International Group LLP acquired a new position in shares of OFS Credit during the second quarter worth $222,000. Finally, CIBC Private Wealth Group LLC bought a new position in OFS Credit during the second quarter worth $212,000. Institutional investors own 19.64% of the company’s stock.

About OFS Credit

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

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