OFS Capital (NASDAQ:OFS) Stock Crosses Below 200 Day Moving Average - Here's What Happened

OFS Capital Co. (NASDAQ:OFS - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.35 and traded as low as $8.20. OFS Capital shares last traded at $8.32, with a volume of 36,839 shares changing hands.

Analysts Set New Price Targets

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

OFS Capital Trading Up 0.9 %

The stock has a market cap of $114.44 million, a PE ratio of -94.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a fifty day moving average price of $8.73 and a 200 day moving average price of $8.36.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The company had revenue of $11.65 million during the quarter, compared to analyst estimates of $10.30 million. Equities analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 15.93%. The ex-dividend date was Friday, March 21st. OFS Capital's dividend payout ratio (DPR) is currently 64.15%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Two Sigma Advisers LP boosted its position in OFS Capital by 16.3% in the 4th quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock valued at $1,608,000 after buying an additional 27,900 shares during the period. International Assets Investment Management LLC raised its stake in shares of OFS Capital by 3.0% during the first quarter. International Assets Investment Management LLC now owns 143,597 shares of the investment management company's stock valued at $1,334,000 after acquiring an additional 4,200 shares in the last quarter. Bulldog Investors LLP purchased a new stake in shares of OFS Capital in the fourth quarter valued at approximately $916,000. Arkadios Wealth Advisors grew its stake in OFS Capital by 7.7% in the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company's stock worth $713,000 after purchasing an additional 6,332 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its stake in OFS Capital by 15.8% in the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company's stock worth $519,000 after purchasing an additional 8,784 shares in the last quarter. Hedge funds and other institutional investors 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.