Nicolet Advisory Services LLC Buys Shares of 14,888 OFS Credit Company, Inc. (NASDAQ:OCCI)

Nicolet Advisory Services LLC purchased a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,888 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graypoint LLC increased its position in OFS Credit by 25.9% during the fourth quarter. Graypoint LLC now owns 164,826 shares of the company’s stock valued at $1,172,000 after acquiring an additional 33,857 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of OFS Credit during the 3rd quarter valued at about $134,000. Finally, LPL Financial LLC increased its position in shares of OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after purchasing an additional 1,445 shares during the last quarter. 23.77% of the stock is currently owned by hedge funds and other institutional investors.

OFS Credit Stock Down 7.3 %

Shares of NASDAQ:OCCI opened at $5.87 on Friday. The stock has a market capitalization of $92.45 million, a PE ratio of 6.52 and a beta of 1.01. The firm’s 50 day moving average price is $6.90 and its 200-day moving average price is $7.13. OFS Credit Company, Inc. has a twelve month low of $5.77 and a twelve month high of $7.81.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $10.06 million for the quarter, compared to analysts’ expectations of $9.59 million. Analysts expect that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.

OFS Credit Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 23.51%. The ex-dividend date of this dividend is Thursday, April 17th. OFS Credit’s payout ratio is 230.16%.

OFS Credit Profile

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