OFS Capital (NASDAQ:OFS) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

OFS Capital Co. (NASDAQ:OFS - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.74 and traded as low as $7.98. OFS Capital shares last traded at $8.05, with a volume of 61,711 shares trading hands.

OFS Capital Stock Performance

The company has a current ratio of 0.12, a quick ratio of 0.04 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $8.26 and a 200 day moving average price of $8.74. The firm has a market cap of $107.45 million, a PE ratio of -89.44 and a beta of 1.78.

OFS Capital (NASDAQ:OFS - Get Free Report) last released its earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $10.92 million during the quarter, compared to the consensus estimate 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 company posted $0.40 EPS. As a group, equities research analysts expect that OFS Capital Co. will post 1.18 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 16.96%. The ex-dividend date of this dividend is Friday, December 20th. OFS Capital's dividend payout ratio (DPR) is -1,511.11%.

Institutional Investors Weigh In On OFS Capital

Several large investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in OFS Capital in the second quarter valued at $114,000. Arkadios Wealth Advisors increased its position in shares of OFS Capital by 80.6% in the second quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company's stock valued at $678,000 after buying an additional 34,083 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of OFS Capital by 6.2% in the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company's stock valued at $2,856,000 after buying an additional 16,748 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of OFS Capital by 783.4% in the third quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company's stock valued at $9,971,000 after buying an additional 1,046,440 shares in the last quarter. 10.81% of the stock is owned by institutional investors and hedge funds.

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.