Free Trial

OFS Capital (NASDAQ:OFS) Shares Cross Below 200 Day Moving Average - Should You Sell?

OFS Capital logo with Finance background

OFS Capital Co. (NASDAQ:OFS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.19 and traded as low as $8.07. OFS Capital shares last traded at $8.20, with a volume of 22,944 shares.

OFS Capital Trading Up 0.9 %

The firm has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $8.18. 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 firm has a market cap of $110.82 million, a P/E ratio of -91.88 and a beta of 1.75.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of OFS Capital by 245.3% during the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company's stock valued at $57,000 after acquiring an additional 5,029 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of OFS Capital during the 2nd quarter valued at about $114,000. Jane Street Group LLC bought a new stake in shares of OFS Capital during the 3rd quarter valued at about $115,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of OFS Capital by 44.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company's stock valued at $396,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company's stock valued at $490,000 after acquiring an additional 16,327 shares during the last quarter. Institutional investors own 10.81% of the company's stock.

About OFS Capital

(Get Free Report)

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.

Read More

Should You Invest $1,000 in OFS Capital Right Now?

Before you consider OFS Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OFS Capital wasn't on the list.

While OFS Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Top Nuclear Stocks To Buy Now Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines