Eagle Level Credit score Administration LLC and its affiliated entities, Eagle Level CIF GP I LLC and Eagle Level DIF GP I LLC, just lately bought shares of OFS Credit score Firm, Inc. (NASDAQ:) valued at a complete of $6,952. The gross sales have been executed over two days, with share costs ranging between $23.33 and $24.24.
On Could 16, 2024, transactions have been performed for 2 totally different sequence of most popular inventory. The 5.25% Sequence E Time period Most well-liked Inventory due 2026 was bought at $23.33 per share, totaling 30 shares. The identical day, 233 shares of the 6.125% Sequence C Time period Most well-liked Inventory due 2026 have been bought at a weighted common worth of $24.24 per share. The value vary for these transactions was famous to be from $24.16 to $24.26, as detailed within the footnotes of the report. The next day, one other 25 shares of the 6.125% Sequence C Time period Most well-liked Inventory have been bought at $24.20 per share.
The reporting footnotes point out that the shares are immediately held by personal funding funds managed by Eagle Level Credit score Administration LLC. The Normal Companions of those funds have been recognized as Eagle Level CIF GP I LLC and Eagle Level DIF GP I LLC. These entities function basic companions to the relevant funds and could also be deemed to have an oblique pecuniary curiosity within the securities reported. Nevertheless, they’ve disclaimed useful possession of the securities described within the report, clarifying that the inclusion of those securities shall not be deemed an admission of useful possession for any goal.
The reported gross sales by Eagle Level entities mirror transactions that will curiosity traders monitoring insider actions and the motion of huge blocks of shares. The transactions have been signed off by Kenneth P. Onorio, Chief Monetary Officer of the respective Eagle Level entities.
InvestingPro Insights
Amid the current transactions by Eagle Level Credit score Administration LLC, OFS Credit score Firm, Inc. (NASDAQ:OCCI) presents an fascinating profile for traders maintaining a tally of insider actions. Based on InvestingPro information, OCCI has a market capitalization of $118.5 million, and a Value to Earnings (P/E) ratio of 16.31, which can provide a snapshot into the corporate’s valuation relative to its earnings.
The corporate’s income for the final twelve months as of Q1 2024 stood at $31.94 million, showcasing a strong year-over-year development of 15.8%. This development is additional emphasised by a quarterly income development of 17.32% in Q1 2024. These figures spotlight OCCI’s constructive momentum when it comes to income technology.
Traders may also be attracted by the corporate’s dividend yield, which is notably excessive at 16.96%. That is in step with one of many InvestingPro Suggestions indicating that OCCI pays a major dividend to shareholders. Moreover, the corporate’s liquid belongings surpass its short-term obligations, offering a level of monetary stability and adaptability.
For traders in search of extra in-depth evaluation, extra InvestingPro Suggestions reveal that OCCI has been worthwhile over the past twelve months and has seen a big worth uptick over the past six months, with a six-month worth whole return of 34.58%. Nevertheless, the valuation implies a poor free money circulation yield, which is an element to think about within the context of the corporate’s total monetary well being.
To discover these insights additional and uncover extra ideas, traders can go to InvestingPro at: https://www.investing.com/professional/OCCI. There are a complete of 5 InvestingPro Suggestions obtainable for OCCI, providing a extra complete understanding of the corporate’s monetary standing.
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