OCCI

OFS Credit Co
OCCI

$7.55

1.31%

Market Cap: $126M

About: OFS Credit Co Inc is a non-diversified, closed-end management investment company. Its investment objective is to generate current income, with a secondary objective to generate capital appreciation. The company invests in floating rate credit instruments and other structured credit investments, including; collateralized loan obligation (CLO) debt and subordinated (i.e., residual or equity) securities; traditional corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, including stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

8% less funds holding

Funds holding: 26 [Q1] → 24 (-2) [Q2]

10.1% less ownership

Funds ownership: 17.08% [Q1] → 6.98% (-10.1%) [Q2]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

59% less capital invested

Capital invested by funds: $19.5M [Q1] → $8.02M (-$11.5M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for OCCI.

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Financial journalist opinion

Based on 3 articles about OCCI published over the past 30 days

OFS Credit Company Provides August 2024 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of August 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of August 31, 2024 is between $7.04 and $7.14. This estimate is not a comprehensive stateme.

OFS Credit Company Provides August 2024 Net Asset Value Update

OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2024

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced its financial results for the fiscal quarter ended July 31, 2024. THIRD QUARTER HIGHLIGHTS Net investment income (“NII”) of $3.9 million, or $0.24 per common share, for the fiscal quarter ended July 31, 2024. This compares to NII of $4.5 million, or.

OFS Credit Company Announces Financial Results for the Third Fiscal Quarter 2024

OCCI: Reaping Benefits From Improving CLO Conditions

OCCI offers a high dividend yield of 18.6%, making it appealing for income investors despite its 60.7% price decline since inception. The fund's portfolio focuses on CLO equity and debt, benefiting from interest rate cuts but sensitive to rate hikes. OCCI's distribution is well-covered by net investment income, ensuring stability and potential growth through reinvestment and a 5% DRIP discount.

OCCI: Reaping Benefits From Improving CLO Conditions

CEF Weekly Review: PCF Tries To Get Shareholders To Care

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.

CEF Weekly Review: PCF Tries To Get Shareholders To Care

3 Under-$10 Dividend Stocks With Buy Ratings That Wall Street Loves

I've always been enthusiastic about the power of dividend stocks to generate wealth over time. You might be surprised to learn that some of the most promising opportunities come with price tags under $10 per share.

3 Under-$10 Dividend Stocks With Buy Ratings That Wall Street Loves

CLO Funds Offer Compelling Income Investment Opportunities With Up To 20% Yields

The largest holdings in my Income Compounder portfolio include CLO CEFs OXLC, ECC, OCCI, and CCIF. CLOs have grown into a $1.2 trillion asset class, offering attractive equity tranches with double-digit returns and bond-like cash flow. OCCI and OXLC offer high monthly distributions, with OXLC reporting strong core NII exceeding distributions and potential for further increases.

CLO Funds Offer Compelling Income Investment Opportunities With Up To 20% Yields

OFS Credit Company Increases Monthly Common Stock Distributions

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced that its board of directors (the “Board”) declared monthly cash distributions of $0.115 per common share, a 9.5% increase from the prior monthly distribution amount of $0.105 per common share, for common stockholders for each of the three months in t.

OFS Credit Company Increases Monthly Common Stock Distributions

OFS Credit Company Provides June 2024 Net Asset Value Update

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of June 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of June 30, 2024 is between $7.15 and $7.25. This estimate is not a comprehensive statement o.

OFS Credit Company Provides June 2024 Net Asset Value Update

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income

Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.

CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income

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