OFS Capital (NASDAQ:OFS) Stock Passes Below Two Hundred Day Moving Average of $11.03

Shares of OFS Capital Co. (NASDAQ:OFSGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.03 and traded as low as $9.71. OFS Capital shares last traded at $9.72, with a volume of 48,943 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of OFS Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 14th.

View Our Latest Research Report on OFS Capital

OFS Capital Stock Down 1.8 %

The stock has a 50 day moving average of $11.19 and a 200-day moving average of $11.03. The firm has a market capitalization of $130.25 million, a P/E ratio of -243.00 and a beta of 1.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.26 and a current ratio of 0.26.

OFS Capital (NASDAQ:OFSGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The investment management company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $14.53 million. OFS Capital had a positive return on equity of 11.76% and a negative net margin of 0.82%. During the same period in the previous year, the firm posted $0.35 EPS. Research analysts predict that OFS Capital Co. will post 1.34 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Monday, March 18th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.36 annualized dividend and a yield of 13.99%. OFS Capital’s payout ratio is -3,400.00%.

Institutional Investors Weigh In On OFS Capital

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in OFS Capital by 1,180.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,897,775 shares of the investment management company’s stock valued at $22,204,000 after acquiring an additional 1,749,607 shares during the period. Advisors Asset Management Inc. grew its position in OFS Capital by 34.7% in the 4th quarter. Advisors Asset Management Inc. now owns 202,712 shares of the investment management company’s stock valued at $2,068,000 after acquiring an additional 52,238 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of OFS Capital in the 3rd quarter worth $494,000. PNC Financial Services Group Inc. purchased a new stake in shares of OFS Capital during the 1st quarter worth $522,000. Finally, Access Investment Management LLC purchased a new stake in OFS Capital in the fourth quarter valued at about $380,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

About OFS Capital

(Get Free Report)

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.

Further Reading

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