Zacks: OFS Credit Company Inc (OCCI) Given Consensus Recommendation of “Strong Buy” by Analysts

OFS Credit Company Inc (NASDAQ:OCCI) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $17.00 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 199 out of 256 based on the ratings given to its competitors.

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

In other OFS Credit news, insider Bilal Rashid acquired 77,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were bought at an average price of $20.00 per share, with a total value of $1,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ OCCI traded up $0.10 during trading on Monday, reaching $15.38. 3,474 shares of the company traded hands, compared to its average volume of 6,998. OFS Credit has a 52-week low of $13.75 and a 52-week high of $19.00.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, January 14th will be issued a $0.167 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date of this dividend is Friday, January 11th.

About OFS Credit

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.

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