Short Interest in OFS Capital Co. (NASDAQ:OFS) Rises By 59.2%

OFS Capital Co. (NASDAQ:OFS - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 62,900 shares, a growth of 59.2% from the November 30th total of 39,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On OFS Capital

A number of hedge funds have recently added to or reduced their stakes in OFS. Jane Street Group LLC bought a new position in OFS Capital during the third quarter valued at about $115,000. Arkadios Wealth Advisors lifted its holdings in OFS Capital by 7.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company's stock valued at $693,000 after purchasing an additional 5,575 shares during the last quarter. International Assets Investment Management LLC boosted its position in OFS Capital by 783.4% in the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company's stock valued at $9,971,000 after buying an additional 1,046,440 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in OFS Capital during the second quarter worth about $114,000. Institutional investors and hedge funds own 10.81% of the company's stock.

OFS Capital Price Performance

Shares of OFS Capital stock traded down $0.01 on Friday, hitting $7.94. The company had a trading volume of 53,086 shares, compared to its average volume of 54,084. OFS Capital has a 52 week low of $7.75 and a 52 week high of $12.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $106.38 million, a PE ratio of -88.21 and a beta of 1.77. The business has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $8.41.

OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The investment management company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The business had revenue of $10.92 million during the quarter, compared to analyst estimates of $10.97 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Research analysts expect that OFS Capital will post 1.18 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.36 annualized dividend and a dividend yield of 17.13%. OFS Capital's dividend payout ratio is -1,511.11%.

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.