International Assets Investment Management LLC cut its stake in shares of OFS Capital Co. (NASDAQ:OFS - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,397 shares of the investment management company's stock after selling 1,040,620 shares during the quarter. International Assets Investment Management LLC owned approximately 1.04% of OFS Capital worth $1,112,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OFS. Sanctuary Advisors LLC bought a new position in shares of OFS Capital in the second quarter worth about $114,000. Jane Street Group LLC bought a new position in OFS Capital in the 3rd quarter worth approximately $115,000. Finally, Arkadios Wealth Advisors grew 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 buying an additional 5,575 shares in the last quarter. 10.81% of the stock is owned by hedge funds and other institutional investors.
OFS Capital Price Performance
OFS traded down $0.06 during trading on Friday, hitting $8.01. 45,873 shares of the company traded hands, compared to its average volume of 52,262. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55. The company has a market cap of $107.32 million, a PE ratio of -88.99 and a beta of 1.75. The stock's 50-day simple moving average is $8.18 and its two-hundred day simple moving average is $8.31. OFS Capital Co. has a 1 year low of $7.75 and a 1 year high of $12.06.
OFS Capital (NASDAQ:OFS - Get Free Report) last issued its earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $10.92 million for the quarter, compared to analysts' expectations of $10.97 million. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, sell-side analysts anticipate that OFS Capital Co. will post 1.18 earnings per share for the current fiscal year.
OFS Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.98%. The ex-dividend date of this dividend was Friday, December 20th. OFS Capital's dividend payout ratio (DPR) is presently -1,511.11%.
OFS Capital Profile
(
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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