Nicolet Advisory Services LLC Makes New Investment in OFS Credit Company, Inc. (NASDAQ:OCCI)

Nicolet Advisory Services LLC bought a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,888 shares of the company’s stock, valued at approximately $105,000. Nicolet Advisory Services LLC owned approximately 0.09% of OFS Credit at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OCCI. Graypoint LLC boosted its stake in OFS Credit by 25.9% during the fourth quarter. Graypoint LLC now owns 164,826 shares of the company’s stock worth $1,172,000 after acquiring an additional 33,857 shares in the last quarter. Virtu Financial LLC purchased a new position in OFS Credit during the third quarter valued at $134,000. Finally, LPL Financial LLC boosted its holdings in OFS Credit by 1.4% in the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock worth $757,000 after acquiring an additional 1,445 shares in the last quarter. 23.77% of the stock is owned by hedge funds and other institutional investors.

OFS Credit Price Performance

Shares of NASDAQ:OCCI opened at $5.87 on Friday. The business has a fifty day moving average price of $6.90 and a 200-day moving average price of $7.13. The company has a market capitalization of $92.45 million, a PE ratio of 6.52 and a beta of 1.01. OFS Credit Company, Inc. has a 1-year low of $5.77 and a 1-year high of $7.81.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings data on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $10.06 million for the quarter, compared to the consensus estimate of $9.59 million. On average, sell-side analysts anticipate that OFS Credit Company, Inc. will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

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

About OFS Credit

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