OFS Credit (OCCIN) to Release Earnings on Friday

OFS Credit (NASDAQ:OCCIN) is expected to be releasing its results before the market opens on Friday, March 6th. Analysts expect OFS Credit to post earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit Price Performance

Shares of NASDAQ OCCIN opened at $24.62 on Wednesday. The business has a 50-day moving average of $24.62 and a 200-day moving average of $24.48. OFS Credit has a 12 month low of $23.50 and a 12 month high of $24.87.

OFS Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.1094 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of OFS Credit in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, OFS Credit presently has a consensus rating of “Hold”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.