OFS Capital (NASDAQ:OFS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

OFS Capital (NASDAQ:OFS - Get Free Report) posted its quarterly earnings results on Monday. The investment management company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05, Zacks reports. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%.

OFS Capital Stock Performance

Shares of OFS Capital stock traded up $0.05 during trading on Monday, hitting $8.35. 48,159 shares of the company's stock traded hands, compared to its average volume of 34,131. OFS Capital has a 1 year low of $7.75 and a 1 year high of $11.94. The business has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $8.21. 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 market capitalization of $111.87 million, a P/E ratio of -92.77 and a beta of 1.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OFS Capital stock. Bank of America Corp DE raised its holdings in shares of OFS Capital Co. (NASDAQ:OFS - Free Report) by 245.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,079 shares of the investment management company's stock after buying an additional 5,029 shares during the period. Bank of America Corp DE owned about 0.05% of OFS Capital worth $57,000 at the end of the most recent quarter. 10.81% of the stock is owned by hedge funds and other institutional investors.

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.

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