Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
OFS Credit Co Inc Market Cap
The OFS Credit Co Inc (OCCI) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 1 stock analysts who have covered OCCI. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for OCCI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 1 Wall Street analysts have assigned OCCI 1 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect OFS Credit Co Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on OCCI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of OCCI.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Mickey Schleien Ladenburg Thalmann | Neutral | Downgrade | Nov 13, 2023 |
When did it IPO
N/A
Staff Count
0
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Mr. Bilal Rashid
Market Cap
$122.7M
In 2023, OCCI generated $945,795 in revenue, which was a increase of 109.11% from the previous year. This can be seen as a signal that OCCI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 30 Sep 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - OFS Credit Company has improved performance in the last six months despite past underperformance. New preferred shares are discussed, suggesting better low-risk investment options.
Why It Matters - OFS Credit Company's recent performance shift may signal improved management or market conditions, influencing investment decisions and risk assessment in related funds.
Tue, 24 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - OFS Credit Company plans to offer shares of its Series F Term Preferred Stock in an underwritten public offering, listing under the symbol "OCCIM" on Nasdaq. Terms are pending.
Why It Matters - The offering of Series F Term Preferred Stock indicates OFS Credit Company is seeking capital, potentially impacting its financial stability and attractiveness to investors.
Tue, 24 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - OFS Credit Company priced an underwritten public offering of 1,040,000 shares of 7.875% Series F Term Preferred Stock at $25.00 each, raising $26 million, with an option for underwriters to buy 156,000 more shares.
Why It Matters - OFS Credit's public offering of preferred stock raises $26 million, indicating capital growth potential and liquidity, impacting share valuation and investor sentiment.
Mon, 16 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - OFS Credit Company (NASDAQ: OCCI) estimates its net asset value per share as of August 31, 2024, to be between $7.04 and $7.14, according to management's unaudited report.
Why It Matters - The NAV estimate indicates the company's financial health and potential future performance, influencing investment decisions and market perceptions of OFS Credit's value.
Fri, 13 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - OFS Credit Company (Nasdaq: OCCI) reported Q3 net investment income of $3.9 million ($0.24 per share) for the quarter ended July 31, 2024, down from $4.5 million in the previous quarter.
Why It Matters - OFS Credit's decline in net investment income signals potential challenges in its CLO investments, affecting investor confidence and future earnings prospects.
Sun, 08 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - OCCI offers an 18.6% dividend yield, focusing on CLO equity and debt. Despite a 60.7% price decline, its distribution is supported by net investment income, with a 5% DRIP discount available.
Why It Matters - OCCI's high dividend yield and stable distribution attract income-focused investors, while its sensitivity to interest rates highlights potential volatility in returns.
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