OFS Capital (NASDAQ:OFS) Shares Cross Below Two Hundred Day Moving Average - Here's Why

OFS Capital Co. (NASDAQ:OFS - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.96 and traded as low as $8.14. OFS Capital shares last traded at $8.23, with a volume of 45,474 shares traded.

OFS Capital Price Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market cap of $109.86 million, a PE ratio of -8.28 and a beta of 1.78. The stock has a 50 day moving average of $8.23 and a two-hundred day moving average of $8.95.

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

OFS Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.59%. The ex-dividend date was Friday, September 20th. OFS Capital's dividend payout ratio (DPR) is currently -137.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in OFS Capital during the second quarter valued at about $114,000. Arkadios Wealth Advisors raised its stake in shares of OFS Capital by 108.1% in the 1st quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company's stock valued at $420,000 after acquiring an additional 21,970 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in OFS Capital in the 1st quarter worth approximately $973,000. International Assets Investment Management LLC grew its position in 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 buying an additional 7,850 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in OFS Capital by 6.2% during 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 acquiring an additional 16,748 shares during the period. Hedge funds and other institutional investors own 10.81% of the company's stock.

OFS Capital Company Profile

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.