OFS Capital Co. Announces Quarterly Dividend of $0.34 (NASDAQ:OFS)

OFS Capital Co. (NASDAQ:OFS - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.34 per share by the investment management company on Monday, March 31st. This represents a $1.36 annualized dividend and a dividend yield of 15.23%. The ex-dividend date is Friday, March 21st.

OFS Capital has raised its dividend payment by an average of 20.3% per year over the last three years.

OFS Capital Stock Up 2.6 %

Shares of OFS Capital stock traded up $0.23 on Friday, hitting $8.93. The company had a trading volume of 92,104 shares, compared to its average volume of 39,311. The firm has a market capitalization of $119.64 million, a P/E ratio of -99.21 and a beta of 1.76. OFS Capital has a twelve month low of $7.75 and a twelve month high of $10.72. 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 stock has a 50-day moving average of $8.19 and a 200-day moving average of $8.22.

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

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of OFS Capital from a "hold" rating to a "strong-buy" rating in a report on Wednesday.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE increased its holdings in shares of OFS Capital Co. (NASDAQ:OFS - Free Report) by 245.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,079 shares of the investment management company's stock after purchasing an additional 5,029 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of OFS Capital worth $57,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.81% of the company's stock.

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.