Belpointe Asset Management LLC Invests $75,000 in OFS Capital Co. (NASDAQ:OFS)

Belpointe Asset Management LLC acquired a new stake in OFS Capital Co. (NASDAQ:OFS – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,400 shares of the investment management company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of OFS Capital by 115.5% in the fourth quarter. International Assets Investment Management LLC now owns 157,720 shares of the investment management company’s stock valued at $1,601,000 after purchasing an additional 84,526 shares during the period. Advisors Asset Management Inc. raised its stake in shares of OFS Capital by 17.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 150,474 shares of the investment management company’s stock valued at $1,237,000 after acquiring an additional 22,737 shares during the period. Millennium Management LLC raised its stake in shares of OFS Capital by 46.7% in the 2nd quarter. Millennium Management LLC now owns 69,543 shares of the investment management company’s stock valued at $690,000 after acquiring an additional 22,131 shares during the period. Sigma Planning Corp increased its stake in OFS Capital by 10.6% during the 4th quarter. Sigma Planning Corp now owns 51,405 shares of the investment management company’s stock worth $522,000 after buying an additional 4,929 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of OFS Capital by 4.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,509 shares of the investment management company’s stock valued at $442,000 after purchasing an additional 1,825 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of OFS Capital in a report on Thursday. They set a “hold” rating for the company.

OFS Capital Price Performance

OFS opened at $9.51 on Friday. The company’s 50 day simple moving average is $9.91 and its 200 day simple moving average is $10.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.07 and a current ratio of 0.07. OFS Capital Co. has a 1 year low of $7.54 and a 1 year high of $12.99. The stock has a market capitalization of $127.43 million, a PE ratio of -10.45 and a beta of 1.74.

OFS Capital (NASDAQ:OFS – Get Rating) last announced its quarterly earnings results on Friday, March 3rd. The investment management company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $14.00 million for the quarter, compared to analysts’ expectations of $13.79 million. OFS Capital had a negative net margin of 23.31% and a positive return on equity of 11.00%. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, sell-side analysts expect that OFS Capital Co. will post 1.42 EPS for the current year.

OFS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 23rd will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, June 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 13.88%. OFS Capital’s dividend payout ratio (DPR) is -145.05%.

OFS Capital Profile

(Get Rating)

OFS Capital Corporation, formerly OFS Capital, LLC (OFS Capital), is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to provide its stockholders with both current income and capital appreciation primarily through debt investments and equity investments.