Zacks: OFS Credit Company Inc (NASDAQ:OCCI) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of OFS Credit Company Inc (NASDAQ:OCCI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $19.00 for the company, according to Zacks. Zacks has also assigned OFS Credit an industry rank of 106 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th.

OFS Credit stock traded up $0.06 during trading hours on Thursday, reaching $17.84. The stock had a trading volume of 185 shares, compared to its average volume of 18,389. The stock has a 50 day moving average of $17.83. OFS Credit has a 52 week low of $13.75 and a 52 week high of $19.00.

A hedge fund recently raised its stake in OFS Credit stock. Thomas J. Herzfeld Advisors Inc. boosted its position in OFS Credit Company Inc (NASDAQ:OCCI) by 6.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,497 shares of the company’s stock after purchasing an additional 18,661 shares during the quarter. OFS Credit makes up approximately 2.0% of Thomas J. Herzfeld Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. Thomas J. Herzfeld Advisors Inc. owned about 12.12% of OFS Credit worth $5,417,000 at the end of the most recent reporting period. 18.98% of the stock is currently owned by institutional investors.

OFS Credit Company Profile

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

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