OFS Capital (NASDAQ:OFS) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of OFS Capital (NASDAQ:OFS – Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.

OFS Capital Price Performance

Shares of NASDAQ:OFS opened at $8.69 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50-day moving average of $8.44 and a two-hundred day moving average of $8.61. OFS Capital has a 12 month low of $7.81 and a 12 month high of $9.80.

OFS Capital (NASDAQ:OFS – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The investment management company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. OFS Capital had a return on equity of 9.16% and a net margin of 23.64%.The business had revenue of $10.48 million for the quarter, compared to analyst estimates of $10.00 million. On average, analysts anticipate that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.36 annualized dividend and a dividend yield of 15.7%. OFS Capital’s dividend payout ratio is presently 178.95%.

Institutional Trading of OFS Capital

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock valued at $57,000 after purchasing an additional 5,029 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of OFS Capital by 16.3% in the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company’s stock worth $1,608,000 after buying an additional 27,900 shares during the period. NBC Securities Inc. grew its stake in shares of OFS Capital by 130,533.3% in the first quarter. NBC Securities Inc. now owns 3,919 shares of the investment management company’s stock valued at $36,000 after buying an additional 3,916 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of OFS Capital by 3.0% during the 1st quarter. International Assets Investment Management LLC now owns 143,597 shares of the investment management company’s stock valued at $1,334,000 after buying an additional 4,200 shares during the period. Finally, Fort Sheridan Advisors LLC purchased a new stake in shares of OFS Capital during the 1st quarter valued at about $100,000. 10.81% 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.

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