B. Riley Wealth Advisors Inc. Sells 4,624 Shares of OFS Credit Company, Inc. (NASDAQ:OCCI)

B. Riley Wealth Advisors Inc. reduced its stake in OFS Credit Company, Inc. (NASDAQ:OCCI) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,762 shares of the company’s stock after selling 4,624 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.11% of OFS Credit worth $128,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. True North Advisors LLC bought a new position in shares of OFS Credit in the first quarter worth about $80,000. International Assets Investment Management LLC lifted its holdings in OFS Credit by 29.3% during the first quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock valued at $192,000 after purchasing an additional 6,172 shares in the last quarter. Choreo LLC bought a new position in shares of OFS Credit in the first quarter worth approximately $738,000. Finally, Graypoint LLC raised its position in shares of OFS Credit by 6.0% during the 1st quarter. Graypoint LLC now owns 119,582 shares of the company’s stock valued at $856,000 after purchasing an additional 6,806 shares during the period. 23.77% of the stock is owned by institutional investors.

Insider Buying and Selling at OFS Credit

In other news, major shareholder Eagle Point Credit Management sold 1,742 shares of OFS Credit stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $24.37, for a total value of $42,452.54. Following the sale, the insider now directly owns 15,435 shares of the company’s stock, valued at approximately $376,150.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 9,365 shares of company stock valued at $227,060 in the last 90 days. Insiders own 2.76% of the company’s stock.

OFS Credit Stock Performance

Shares of OCCI stock opened at $7.47 on Friday. The stock has a fifty day simple moving average of $7.39 and a two-hundred day simple moving average of $7.33. OFS Credit Company, Inc. has a 52-week low of $5.47 and a 52-week high of $7.81. The firm has a market capitalization of $117.65 million, a PE ratio of 12.88 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Friday, September 13th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $7.45 million for the quarter. On average, sell-side analysts forecast that OFS Credit Company, Inc. will post 1.14 EPS for the current fiscal year.

OFS Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 21st will be paid a $0.115 dividend. This represents a $1.38 annualized dividend and a yield of 18.47%. The ex-dividend date is Monday, October 21st. OFS Credit’s payout ratio is currently 217.24%.

OFS Credit Profile

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