OCCI
OFS Credit CoOCCI
OCCI
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
3.53% less ownership
Funds ownership: 7.07% [Q2] → 3.54% (-3.53%) [Q3]
29% less funds holding
Funds holding: 24 [Q2] → 17 (-7) [Q3]
43% less capital invested
Capital invested by funds: $8.12M [Q2] → $4.64M (-$3.48M) [Q3]
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Research analyst outlook
We haven’t received any recent analyst ratings for OCCI.
Financial journalist opinion
Neutral
Business Wire
1 week ago
OFS Credit Company Provides November 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 November 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of November 30, 2024 is between $7.03 and $7.13. This estimate is not a comprehensive sta.
Neutral
Business Wire
2 weeks ago
OFS Credit Company Announces Financial Results for the Fourth 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 October 31, 2024. FOURTH QUARTER HIGHLIGHTS Net investment income (“NII”) of $4.5 million, or $0.24 per common share, for the fiscal quarter ended October 31, 2024. This compares to NII of $3.9 milli.
Neutral
Business Wire
1 month ago
OFS Credit Company Provides October 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 October 31, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of October 31, 2024 is between $7.13 and $7.23. This estimate is not a comprehensive state.
Neutral
Business Wire
1 month ago
OFS Credit Company Declares Monthly Common Stock Cash 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 share of common stock for each of the three months in the quarter ending January 31, 2025. The following schedule applies to the distributions for common stoc.
Neutral
Business Wire
2 months ago
OFS Credit Company Provides September 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 September 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of September 30, 2024 is between $6.98 and $7.08. This estimate is not a comprehensive s.
Neutral
Seeking Alpha
2 months ago
Preferreds Weekly Review: Embedded Options And Redemption Likelihood
We take a look at the action in preferreds and baby bonds through the first week of October and highlight some of the key themes we are watching. Preferred stocks saw slight declines as Treasury yields rose, but year-to-date returns remain strong, outperforming REITs and BDCs. Lower-priced preferreds offer better capital gain potential and are more attractive due to lower negative convexity compared to higher-priced counterparts.
Neutral
Business Wire
2 months ago
OFS Credit Company Declares Series F Preferred 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 declared monthly cash distributions for the Company's 7.875% Series F Term Preferred Stock through January 31, 2025. The following schedule applies to the 7.875% Series F Term Preferred Stock (Nasdaq: OCCIM) distributions.
Negative
Seeking Alpha
2 months ago
Preferreds Weekly Review: Standard Chartered Is Suing Shareholders Blocking Libor Transition
We take a look at the action in preferreds and baby bonds through the fourth week of September and highlight some of the key themes we are watching. Preferred stocks were on the week with credit spreads near their tightest level in over five years. Standard Chartered's lawsuit over transitioning from Libor to SOFR highlights opportunistic investor resistance due to differing crisis dynamics between the rates.
Neutral
Seeking Alpha
2 months ago
New Preferred Stock And Exchange Traded Debt IPOs, September 2024
Hewlett Packard Enterprise, NewtekOne, Great Elm Capital, and OFS Credit Company have all priced new offerings, including convertible preferred stock and exchange-traded notes, with varying terms and yields. Investors can purchase newly introduced preferred stock at wholesale prices on the OTC, potentially avoiding capital loss if prices drop. CDx3 tracks past preferred stock and ETD offerings, providing alerts when securities fall below par value, offering insights into discounted investment opportunities.
Neutral
Seeking Alpha
2 months ago
OCCI: A Look At New 7.87% Preferreds From This CLO Fund
OFS Credit Company has historically underperformed, with poor risk-adjusted returns. We examine why the fund has done so well over the last six months. We go over the recently issued preferred shares and tell you where you can do much better with lower risk.
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