Choreo LLC Sells 80,780 Shares of OFS Credit Company, Inc. (NASDAQ:OCCI)

Choreo LLC decreased its stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) by 78.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,279 shares of the company’s stock after selling 80,780 shares during the quarter. Choreo LLC owned about 0.14% of OFS Credit worth $157,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its stake in OFS Credit by 81.7% in the 1st quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after purchasing an additional 3,596 shares in the last quarter. Graypoint LLC lifted its position in shares of OFS Credit by 4.5% in the second quarter. Graypoint LLC now owns 124,991 shares of the company’s stock worth $901,000 after buying an additional 5,409 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 buying an additional 6,172 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in OFS Credit by 51.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock valued at $171,000 after buying an additional 7,651 shares in the last quarter. Finally, True North Advisors LLC purchased a new position in OFS Credit during the 1st quarter valued at approximately $80,000. 23.77% of the stock is owned by hedge funds and other institutional investors.

OFS Credit Price Performance

Shares of OCCI opened at $7.57 on Friday. The stock has a market capitalization of $119.22 million, a price-to-earnings ratio of 13.05 and a beta of 1.33. OFS Credit Company, Inc. has a 1 year low of $5.47 and a 1 year high of $7.81. The business’s 50 day simple moving average is $7.35 and its 200-day simple moving average is $7.28.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be paid a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a yield of 18.23%. The ex-dividend date of this dividend is Monday, October 21st. OFS Credit’s payout ratio is 196.55%.

Insider Buying and Selling at OFS Credit

In other news, major shareholder Eagle Point Credit Management sold 3,472 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $24.21, for a total value of $84,057.12. Following the sale, the insider now directly owns 25,287 shares in the company, valued at approximately $612,198.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 13,774 shares of company stock worth $334,390 over the last 90 days. 2.76% of the stock is owned by insiders.

About OFS Credit

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