OFS Credit Company, Inc.
- Open
- 2.76
- Day high
- 2.80
- Day low
- 2.57
- Prev close
- 2.71
- Volume
- 720K
- Mkt cap
- $66M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 1.9
- Yield
- 38.52%
- Per share
- $0.99
OFS Credit Company, Inc. (OCCI) is a Financial Services company listed on NASDAQ. The stock is down 54% over the past year. Drillr has 1 published research article covering OCCI.
OFS Credit Company, Inc. (OCCI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OCCI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 15, 2026 | $0.19 | $-0.41 | -313.5% | $2M | -81.8% |
| Mar 5, 2026 | $0.32 | $0.32 | +0.3% | $10M | -6.9% |
| Dec 10, 2025 | $0.36 | $0.32 | -11.8% | $11M | -12.2% |
| Sep 12, 2025 | $0.38 | $0.31 | -17.3% | $12M | -0.0% |
| Jun 9, 2025 | $0.24 | $0.37 | +52.3% | $10M | -14.0% |
| Mar 6, 2025 | $0.23 | $0.34 | +46.6% | $10M | +6.6% |
| Dec 9, 2024 | $0.26 | $0.57 | +122.7% | $9M | +10.1% |
| Sep 13, 2024 | $0.30 | $0.22 | -26.2% | $7M | -10.2% |
| Jun 11, 2024 | $0.31 | $0.53 | +73.2% | $8M | -4.5% |
| Mar 8, 2024 | $0.26 | $0.44 | +68.6% | $7M | -8.6% |
| Dec 11, 2023 | $0.28 | $0.62 | +121.4% | $9M | +24.4% |
| Sep 8, 2023 | $0.32 | $0.62 | +93.1% | $7M | -4.7% |
OCCI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 14, 2026 | Fitta Catherine Marydirector | Buy | 2,200 | $3.03 |
| Sep 25, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 109 | $24.52 |
| Sep 25, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 100 | $23.66 |
| Sep 25, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 500 | $24.68 |
| Sep 23, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 1,375 | $23.52 |
| Sep 13, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 462 | $24.46 |
| Sep 13, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 189 | $24.46 |
| Sep 4, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 190 | $24.42 |
| Sep 4, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 551 | $24.42 |
| Aug 27, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 300 | $24.42 |
| Aug 27, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 422 | $24.42 |
| Aug 27, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 123 | $24.40 |
| Aug 21, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 182 | $24.40 |
| Aug 21, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 68 | $24.40 |
| Aug 21, 2024 | Eagle Point Credit Management LLC10 percent owner | Sell | 1,742 | $24.37 |
Source: OCCI SEC Form 4 filings, latest Apr 14, 2026. For informational purposes only — not investment advice.
See the full OCCI insider & 13F page →OFS Credit Company, Inc. company profile
Overview
OFS Credit Company, Inc. (NASDAQ:OCCI) is a business development company that was founded as a fund of OFS Advisor and went public in October 2018. The company operates as a closed-end investment fund specializing in providing debt financing to middle-market companies. Since its inception, OCCI has focused on building a diversified portfolio of credit investments, primarily targeting businesses with annual revenues between $10 million and $2.5 billion. The company has evolved from experiencing initial volatility in its early years to establishing more consistent profitability, particularly following the recovery from market disruptions in 2022-2023.
Business
OFS Credit Company operates in the business development company (BDC) sector, which is a specialized segment of the asset management industry. BDCs are investment vehicles that provide capital to small and medium-sized businesses that may have difficulty accessing traditional bank financing or public capital markets. These companies are regulated under the Investment Company Act of 1940 and are required to distribute at least 90% of their taxable income to shareholders to maintain their tax-advantaged status. OCCI's core business involves originating, underwriting, and managing a portfolio of debt investments in middle-market companies. The company primarily focuses on senior secured debt, which represents loans that have priority in repayment and are typically backed by company assets or collateral. This type of lending sits between traditional bank loans and higher-risk equity investments, offering potentially higher returns than bank debt while maintaining lower risk profiles than equity positions. The company targets borrowers across various industries, with particular attention to businesses that demonstrate stable cash flows and strong management teams. OCCI's investment strategy emphasizes capital preservation while seeking attractive risk-adjusted returns, typically through floating-rate loans that provide some protection against rising interest rates. The fund's portfolio companies generally have enterprise values between $10 million and $2.5 billion, representing the "middle market" segment that often faces a financing gap between small business lending and large corporate credit markets.
Revenue model
OCCI generates revenue primarily through interest income from its debt investments and fee income from various services provided to portfolio companies. The company's business model is built around earning spreads between its cost of capital and the interest rates charged to borrowers. Most of OCCI's loans are structured as floating-rate instruments, meaning the interest payments adjust with market rates, providing some natural hedge against rising rate environments. The company's paying customers are middle-market businesses seeking debt financing for various purposes including growth capital, acquisitions, refinancing, or recapitalization. These borrowers typically pay interest rates that range from 8% to 15% or higher, depending on credit quality, loan structure, and market conditions. Additional revenue streams include origination fees, commitment fees, and other transactional fees charged during the loan structuring process. Several factors influence OCCI's profitability margins. Rising interest rate environments generally benefit the company since most loans are floating-rate, allowing OCCI to capture higher yields while its funding costs may adjust more slowly. Conversely, credit deterioration in the portfolio can significantly impact margins through increased provisions for loan losses or actual defaults. Competition from other BDCs, private credit funds, and banks can compress lending spreads and reduce origination opportunities. The company's margins are also sensitive to funding costs, as OCCI uses leverage to enhance returns, meaning changes in its borrowing costs directly impact net interest margins. Economic downturns pose risks through higher default rates and reduced deal flow, while strong economic conditions typically support both credit quality and new investment opportunities.
Competitive moat
OCCI operates in a highly competitive middle-market lending space where sustainable competitive advantages are relatively limited. The company's primary moat stems from its relationship-driven origination capabilities and the expertise of its management team at OFS Advisor. Established relationships with investment banks, business brokers, and other intermediaries provide deal flow that may not be widely marketed, potentially offering better risk-adjusted returns. However, this moat is relatively narrow and not particularly durable. The middle-market lending industry has become increasingly crowded with hundreds of BDCs, private credit funds, and regional banks competing for similar opportunities. Capital is largely commoditized in this space, and borrowers often have multiple financing options, which limits pricing power. The company's small size compared to larger BDCs and private credit giants also constrains its ability to compete for larger transactions or offer the most competitive terms. The primary competitive threats come from larger, better-capitalized BDCs that can offer lower rates and larger check sizes, private credit funds with permanent capital structures that don't face the same distribution requirements, and resurgent bank lending when credit conditions normalize. Additionally, the rise of direct lending platforms and technology-enabled lenders poses longer-term disruption risks. OCCI's competitive position is further challenged by its relatively high expense ratio and the need to maintain regular dividend distributions, which can limit financial flexibility during market stress periods.
Risks & safety
OCCI presents a moderate margin of safety profile with some concerning liquidity dynamics but reasonable valuation metrics. • Liquidity and Solvency: Strong current position with $17.5 million in cash and short-term investments against minimal current liabilities, providing substantial near-term liquidity buffer. However, negative operating cash flows of -$30.6 million in FY 2024 indicate the company is consuming cash to fund operations and investments. • Debt Profile: Debt-to-equity ratio of 0.54 as of Q1 2025, representing moderate leverage typical for BDCs. Total liabilities of $92.7 million against $164.2 million in equity provides reasonable cushion, though leverage could become problematic if portfolio performance deteriorates. • Valuation Metrics: Trading at 0.96x book value, suggesting modest discount to net asset value. P/E ratio of 10.3x appears reasonable for a BDC, though earnings quality depends heavily on credit performance. EV/EBITDA metrics are not meaningful due to the investment company structure. • Other Considerations: Portfolio concentration risk exists given the company's relatively small size. Interest rate sensitivity cuts both ways - benefits from rising rates on floating-rate assets but faces refinancing risks on its own debt. Regulatory requirements to distribute 90% of taxable income limits capital retention for growth or stress absorption.
Recent development
Based on the available financial data, OCCI has undergone significant operational changes over the past few years. The company experienced substantial volatility in 2022, recording negative revenue of -$10.4 million and net losses of -$13.6 million, likely reflecting mark-to-market losses on its investment portfolio during the challenging credit environment. The company demonstrated a strong recovery trajectory beginning in 2023 and accelerating through 2024. After posting losses in 2023, OCCI achieved profitability in 2024 with net income of $15.0 million on revenue of $18.7 million, representing a dramatic operational turnaround. This improvement continued into 2025, with Q1 showing revenue of $10.1 million and net income of $3.8 million, suggesting the company has successfully repositioned its portfolio and improved its credit underwriting processes. The company appears to have strengthened its balance sheet significantly, maintaining substantial cash positions while reducing operational losses. The improvement in financial performance indicates either successful portfolio repositioning, benefit from higher interest rate environments on floating-rate assets, or resolution of previously distressed investments. However, the lack of available earnings call transcripts limits insight into specific strategic initiatives or management commentary on these operational improvements.
OCCI company profile · for informational purposes only — not investment advice.
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