OFS Capital (NASDAQ:OFS – Get Rating) will issue its quarterly earnings data before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
OFS Capital (NASDAQ:OFS – Get Rating) last announced its earnings results on Friday, March 4th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. OFS Capital had a return on equity of 7.38% and a net margin of 119.05%. The company had revenue of $15.27 million for the quarter, compared to analyst estimates of $11.34 million. During the same period in the prior year, the company posted $0.22 EPS. On average, analysts expect OFS Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:OFS traded down $0.03 during mid-day trading on Friday, hitting $12.09. 38,944 shares of the company’s stock traded hands, compared to its average volume of 89,793. The company has a fifty day moving average of $11.92 and a 200 day moving average of $11.14. OFS Capital has a twelve month low of $8.75 and a twelve month high of $13.47. The company has a market capitalization of $162.25 million, a P/E ratio of 2.86 and a beta of 1.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.33 and a current ratio of 0.33.
A number of hedge funds have recently modified their holdings of the business. Morgan Stanley raised its holdings in shares of OFS Capital by 11.7% during the third quarter. Morgan Stanley now owns 505,577 shares of the investment management company’s stock valued at $5,238,000 after acquiring an additional 53,113 shares during the last quarter. Millennium Management LLC raised its holdings in shares of OFS Capital by 39.0% during the fourth quarter. Millennium Management LLC now owns 38,848 shares of the investment management company’s stock valued at $423,000 after acquiring an additional 10,904 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of OFS Capital by 41.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,897 shares of the investment management company’s stock valued at $119,000 after acquiring an additional 3,201 shares during the last quarter. Institutional investors own 34.17% of the company’s stock.
Several research analysts recently issued reports on the company. StockNews.com assumed coverage on OFS Capital in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research upgraded OFS Capital from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research note on Thursday, March 10th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $11.50.
About OFS Capital (Get Rating)
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.
- Get a free copy of the StockNews.com research report on OFS Capital (OFS)
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