OFS Credit Company Inc (OCCI) Given $18.50 Consensus Target Price by Brokerages

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

Brokers have set a 1 year consensus target price of $18.50 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 47 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of OFS Credit from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

NASDAQ:OCCI opened at $17.45 on Friday. OFS Credit has a fifty-two week low of $13.75 and a fifty-two week high of $19.00.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.167 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.48%. The ex-dividend date of this dividend is Tuesday, July 23rd.

A number of large investors have recently bought and sold shares of OCCI. Rockefeller Capital Management L.P. acquired a new position in OFS Credit during the first quarter worth $34,000. Coastal Investment Advisors Inc. acquired a new stake in shares of OFS Credit in the first quarter valued at about $281,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in shares of OFS Credit by 6.6% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 303,497 shares of the company’s stock valued at $5,417,000 after buying an additional 18,661 shares during the last quarter. Institutional investors own 18.98% of the company’s stock.

About OFS Credit

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

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