OFS Capital (NASDAQ:OFS) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of OFS Capital (NASDAQ:OFS - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday.

OFS Capital Trading Up 2.6 %

Shares of OFS traded up $0.23 on Wednesday, reaching $8.93. 92,104 shares of the company's stock were exchanged, compared to its average volume of 39,311. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $119.64 million, a P/E ratio of -99.21 and a beta of 1.76. The business has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $8.23. OFS Capital has a 12 month low of $7.75 and a 12 month high of $10.72.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $11.65 million during 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%. Research analysts anticipate that OFS Capital will post 1.17 earnings per share for the current year.

Remove Ads

OFS Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 15.23%. The ex-dividend date of this dividend is Friday, March 21st. OFS Capital's payout ratio is presently 64.15%.

Institutional Investors Weigh In On OFS Capital

Large investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in OFS Capital in the third quarter valued at approximately $115,000. Arkadios Wealth Advisors increased 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 valued at $713,000 after purchasing an additional 6,332 shares in the last quarter. Bank of America Corp DE increased its stake in OFS Capital by 245.3% in the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company's stock valued at $57,000 after purchasing an additional 5,029 shares in the last quarter. Two Sigma Advisers LP increased its stake in OFS Capital by 16.3% in the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock valued at $1,608,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Bulldog Investors LLP bought a new stake in OFS Capital in the fourth quarter valued at approximately $916,000. 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.