Insider Selling: OFS Credit Company, Inc. (NASDAQ:OCCI) Major Shareholder Sells 1,375 Shares of Stock

OFS Credit Company, Inc. (NASDAQ:OCCI) major shareholder Eagle Point Credit Management sold 1,375 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $23.52, for a total value of $32,340.00. Following the completion of the transaction, the insider now directly owns 31,107 shares in the company, valued at $731,636.64. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Monday, September 23rd, Eagle Point Credit Management sold 109 shares of OFS Credit stock. The shares were sold at an average price of $24.52, for a total value of $2,672.68.
• On Friday, September 13th, Eagle Point Credit Management sold 462 shares of OFS Credit stock. The shares were sold at an average price of $24.46, for a total value of $11,300.52.
• On Wednesday, September 11th, Eagle Point Credit Management sold 189 shares of OFS Credit stock. The shares were sold at an average price of $24.46, for a total value 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 value of $13,455.42.
• On Monday, August 26th, Eagle Point Credit Management sold 300 shares of OFS Credit stock. The shares were 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 stock was 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 value of $2,442.00.
• On Monday, August 12th, Eagle Point Credit Management sold 565 shares of OFS Credit stock. The stock was sold at an average price of $24.38, for a total value of $13,774.70.

OFS Credit Stock Up 0.8 %

Shares of OCCI stock opened at $7.53 on Thursday. OFS Credit Company, Inc. has a twelve month low of $5.47 and a twelve month high of $7.81. The company has a market cap of $118.60 million, a P/E ratio of 12.98 and a beta of 1.33. The business has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $7.29.

OFS Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.38 annualized dividend and a dividend yield of 18.33%. OFS Credit’s dividend payout ratio is currently 196.56%.

Institutional Trading of OFS Credit

Institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC lifted its position in shares of OFS Credit by 81.7% during the 1st quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after buying an additional 3,596 shares during the last quarter. True North Advisors LLC bought a new position in OFS Credit in the first quarter valued at about $80,000. B. Riley Wealth Advisors Inc. raised its position in OFS Credit by 51.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock valued at $171,000 after purchasing an additional 7,651 shares during the last quarter. International Assets Investment Management LLC raised its position in OFS Credit by 29.3% in the first quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock valued at $192,000 after purchasing an additional 6,172 shares during the last quarter. Finally, Choreo LLC bought a new position in OFS Credit in the first quarter valued at about $738,000. 23.77% of the stock is currently owned by institutional investors.

OFS Credit Company Profile

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