Wall Street Zen Upgrades OFS Capital (NASDAQ:OFS) to “Hold”

by · The Cerbat Gem

OFS Capital (NASDAQ:OFS – Get Free Report) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

OFS has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of OFS Capital in a research note on Tuesday, September 1st. Zacks Research upgraded shares of OFS Capital to a “hold” rating in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

View Our Latest Analysis on OFS

OFS Capital Stock Performance

OFS opened at $4.11 on Friday. The firm has a market cap of $55.07 million, a P/E ratio of -2.49 and a beta of 0.86. OFS Capital has a 52-week low of $2.72 and a 52-week high of $7.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.04 and a current ratio of 0.04. The business’s fifty day moving average is $3.74 and its 200-day moving average is $3.65.

OFS Capital (NASDAQ:OFS – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The investment management company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%. The company had revenue of $6.84 million during the quarter, compared to the consensus estimate of $7.87 million. Sell-side analysts expect that OFS Capital will post 0.40 EPS for the current fiscal year.

Hedge Funds Weigh In On OFS Capital

An institutional investor recently raised its stake in OFS Capital stock. Concorde Asset Management LLC raised its holdings in OFS Capital Corporation (NASDAQ:OFS – Free Report) by 85.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,550 shares of the investment management company’s stock after acquiring an additional 15,450 shares during the period. Concorde Asset Management LLC owned about 0.25% of OFS Capital worth $124,000 at the end of the most recent quarter. 10.81% of the stock is currently owned by institutional investors and hedge funds.

OFS Capital Company Profile

(Get Free Report)

OFS Capital Corporation (NASDAQ:OFS) is a business development company that invests in privately held, primarily U.S.-based middle-market companies. The company seeks to provide financing to businesses that may have limited access to traditional sources of capital.

OFS Capital primarily invests in senior secured loans, subordinated debt and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and recurring cash flows.

OFS Capital is externally managed by OFS Capital Management, LLC, an affiliate of Orchard First Source Capital, Inc The company operates as a regulated investment company and has elected to be treated as a business development company under the Investment Company Act of 1940.

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