OFS Credit (OCCIN) to Post Earnings on Friday

OFS Credit (NASDAQ:OCCIN) is expected to be announcing its results before the market opens on Friday, September 11th. Analysts expect the company to post earnings of $0.23 per share and revenue of $9.4170 million for the quarter.

OFS Credit Price Performance

NASDAQ:OCCIN opened at $25.04 on Wednesday. OFS Credit has a 1-year low of $24.21 and a 1-year high of $26.00. The business’s 50-day moving average price is $24.87 and its two-hundred day moving average price is $24.76.

OFS Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.1094 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, December 15th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OFS Credit currently has an average rating of “Sell”.

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.