Zacks: Analysts Set $20.00 Target Price for OFS Credit Company Inc (OCCI)

OFS Credit Company Inc (NASDAQ:OCCI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $20.00 for the company, according to Zacks. Zacks has also given OFS Credit an industry rank of 161 out of 257 based on the ratings given to its competitors.

Separately, LADENBURG THALM/SH SH started coverage on OFS Credit in a report on Thursday, November 1st. They issued a “buy” rating and a $20.00 price target on the stock.

OCCI opened at $16.71 on Friday. OFS Credit has a 1-year low of $15.84 and a 1-year high of $19.00.

The company also recently declared a monthly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 12th were issued a $0.167 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date was Thursday, November 8th.

In other news, insider Bilal Rashid purchased 77,500 shares of the stock in a transaction that occurred on Wednesday, October 10th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $1,550,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

OFS Credit Company Profile

OFS Credit Company, Inc operates as a closed-end management investment company in the United States. The company primarily focuses on investing in debt and subordinated securities; corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, such as stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.

See Also: What Is An Exchange-Traded Fund (ETF)?

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