OFS Capital Co. (NASDAQ:OFS) Short Interest Down 35.6% in February

OFS Capital Co. (NASDAQ:OFS - Get Free Report) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 39,700 shares, a decline of 35.6% from the January 31st total of 61,600 shares. Approximately 0.3% of the company's stock are short sold. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is currently 0.8 days.

OFS Capital Stock Down 0.5 %

Shares of OFS Capital stock traded down $0.04 on Wednesday, reaching $8.66. The stock had a trading volume of 82,448 shares, compared to its average volume of 38,073. OFS Capital has a 1 year low of $7.75 and a 1 year high of $10.85. The company has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.21. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $116.03 million, a P/E ratio of -96.21 and a beta of 1.75.

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

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OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 15.70%. The ex-dividend date of this dividend is Friday, March 21st. OFS Capital's dividend payout ratio is presently -1,511.11%.

Institutional Investors Weigh In On OFS Capital

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company's stock worth $57,000 after purchasing an additional 5,029 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of OFS Capital during the third quarter valued at $115,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of OFS Capital by 44.5% in 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 period. Trexquant Investment LP raised its stake in OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company's stock worth $490,000 after acquiring an additional 16,327 shares during the last quarter. Finally, Virtus ETF Advisers LLC lifted its position in OFS Capital by 15.8% during the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company's stock worth $519,000 after acquiring an additional 8,784 shares during the period. 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.