OFS Capital (NASDAQ:OFS) Stock Price Passes Below 200-Day Moving Average - What's Next?

OFS Capital Co. (NASDAQ:OFS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.34 and traded as low as $8.04. OFS Capital shares last traded at $8.15, with a volume of 38,089 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded OFS Capital from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 13th.

OFS Capital Price Performance

The stock's 50 day moving average is $8.69 and its two-hundred day moving average is $8.35. 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 $110.28 million, a PE ratio of -91.43 and a beta of 1.29.

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

OFS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 16.52%. The ex-dividend date of this dividend was Friday, March 21st. OFS Capital's dividend payout ratio (DPR) is 64.15%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bulldog Investors LLP acquired a new position in OFS Capital in the fourth quarter valued at approximately $916,000. Two Sigma Advisers LP grew its position in shares of OFS Capital by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock worth $1,608,000 after acquiring an additional 27,900 shares during the last quarter. Trexquant Investment LP increased its stake in OFS Capital by 36.8% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company's stock worth $396,000 after buying an additional 15,109 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of OFS Capital during the third quarter worth about $115,000. Hedge funds and other institutional investors own 10.81% of the company's stock.

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.