OFS Capital Co. (NASDAQ:OFS) Short Interest Up 17.1% in February

OFS Capital Co. (NASDAQ:OFS - Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 46,500 shares, a growth of 17.1% from the February 13th total of 39,700 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 0.8 days.

OFS Capital Stock Performance

Shares of OFS Capital stock traded down $0.40 during trading on Friday, hitting $9.20. 94,959 shares of the stock were exchanged, compared to its average volume of 55,795. The stock has a market capitalization of $123.28 million, a price-to-earnings ratio of -102.21 and a beta of 1.76. The company has a fifty day moving average price of $8.46 and a 200-day moving average price of $8.31. OFS Capital has a 1-year low of $7.75 and a 1-year high of $10.14. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55.

OFS Capital (NASDAQ:OFS - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The company had revenue of $11.65 million for the quarter, compared to analyst estimates of $10.30 million. As a group, equities analysts predict that OFS Capital will post 1.17 EPS for the current fiscal year.

Remove Ads

OFS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a $0.34 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.36 dividend on an annualized basis and a yield of 14.78%. OFS Capital's dividend payout ratio (DPR) is currently 64.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP grew its stake in OFS Capital by 16.3% in the 4th quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock valued at $1,608,000 after buying an additional 27,900 shares during the last quarter. Bulldog Investors LLP acquired a new position in OFS Capital in the 4th quarter valued at about $916,000. Arkadios Wealth Advisors grew its stake in OFS Capital by 7.7% in the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company's stock valued at $713,000 after buying an additional 6,332 shares during the last quarter. Virtus ETF Advisers LLC boosted its holdings in OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company's stock valued at $519,000 after purchasing an additional 8,784 shares during the period. Finally, Trexquant Investment LP boosted its holdings in OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company's stock valued at $490,000 after purchasing an additional 16,327 shares during the period. Institutional investors and hedge funds own 10.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of OFS Capital from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th.

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.