OFS Capital (NASDAQ:OFS) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

OFS Capital Co. (NASDAQ:OFS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.03 and traded as low as $8.13. OFS Capital shares last traded at $8.16, with a volume of 45,646 shares trading hands.

OFS Capital Stock Performance

The firm has a 50 day moving average of $8.25 and a 200-day moving average of $9.03. The company has a market cap of $109.19 million, a P/E ratio of -8.24 and a beta of 1.78. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.45.

OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. The firm had revenue of $11.17 million for the quarter, compared to analysts' expectations of $11.78 million. During the same quarter in the prior year, the business posted $0.38 EPS. As a group, sell-side analysts anticipate that OFS Capital Co. will post 1.17 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, September 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.69%. OFS Capital's dividend payout ratio is presently -137.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Confluence Investment Management LLC purchased a new position in OFS Capital in the first quarter worth $973,000. Arkadios Wealth Advisors increased its position in OFS Capital by 80.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company's stock valued at $678,000 after buying an additional 34,083 shares in the last quarter. Advisors Asset Management Inc. raised its stake in OFS Capital by 6.2% in the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company's stock valued at $2,856,000 after buying an additional 16,748 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of OFS Capital during the second quarter worth about $114,000. Finally, International Assets Investment Management LLC grew its stake in shares of OFS Capital by 4.8% during the first quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company's stock worth $1,689,000 after acquiring an additional 7,850 shares during the last quarter. 10.81% of the stock is owned by institutional investors.

About OFS Capital

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.