LADENBURG THALM/SH SH began coverage on shares of OFS CR CO INC/COM (NASDAQ:OCCI) in a report released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $20.00 price objective on the stock.
Shares of NASDAQ OCCI opened at $18.50 on Thursday. OFS CR CO INC/COM has a 1-year low of $16.79 and a 1-year high of $19.00.
The business also recently declared a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 12th will be issued a dividend of $0.167 per share. This represents a $2.00 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend is Thursday, November 8th.
In related news, insider Bilal Rashid purchased 77,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of $20.00 per share, with a total value of $1,550,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
About OFS CR CO INC/COM
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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