In a recent transaction on March 18, Kathleen Griggs, a director at OFS Credit Company, Inc. (NASDAQ:OCCI), purchased shares of the company's common stock. The acquisition, involving 1,200 shares, amounted to a total value of approximately $8,518, with the price per share being $7.0987.
This purchase by Ms. Griggs indicates a notable investment in the company, as it increases her stake in OFS Credit Company's common stock. Transactions like these are often seen as a sign of confidence by company insiders in the firm's current state and future prospects.
OFS Credit Company, a financial organization based in Chicago, Illinois, is known for providing credit solutions to its clients. This move by a member of the company's board is likely to be observed by investors who track insider trading activities as part of their investment strategy.
For those interested in OFS Credit Company's stock, the ticker is listed on NASDAQ as OCCI. It's important to note that insider purchases can offer insights into how the company's leadership views the stock's valuation and potential. However, investors should always consider a broad range of factors when making investment decisions.
Kathleen Griggs' recent investment in OFS Credit Company's stock adds to the narrative of insider confidence and may be worth noting for current and potential shareholders.
InvestingPro Insights
OFS Credit Company, Inc. (NASDAQ:OCCI) has recently been the subject of attention due to a purchase of shares by director Kathleen Griggs. In light of this event, several key financial metrics and InvestingPro Tips can provide a deeper understanding of the company's current financial health and future outlook.
According to real-time data from InvestingPro, OFS Credit Company has a market capitalization of $111.48 million, with a P/E ratio standing at 15.52. This valuation reflects the market's perspective on the company's earnings capacity. The company has also reported a revenue growth of 15.8% over the last twelve months as of Q1 2024, which is an indicator of its business expansion and potential for future profitability.
One of the notable InvestingPro Tips for OCCI includes the significant dividend yield which stands at 17.17%. This could be particularly attractive to income-focused investors. Additionally, the company's liquid assets have been reported to exceed its short-term obligations, suggesting a healthy liquidity position. There are more insights available, with a total of 4 InvestingPro Tips listed for OFS Credit Company, which can be accessed for further detailed analysis.
For investors seeking more comprehensive insights and additional tips on OFS Credit Company, they can utilize the promo code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. The insights and tips provided by InvestingPro could be a valuable resource in assessing the potential of OCCI's stock in the wake of insider trading activities.
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