OFS Capital (NASDAQ:OFS) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of OFS Capital (NASDAQ:OFS – Get Rating) from a buy rating to a hold rating in a report published on Tuesday.

Separately, Zacks Investment Research cut shares of OFS Capital from a strong-buy rating to a hold rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $11.50.

OFS opened at $11.89 on Tuesday. The company has a market capitalization of $159.62 million, a PE ratio of 2.62 and a beta of 1.75. The firm has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $11.20. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.87. OFS Capital has a 52 week low of $8.77 and a 52 week high of $13.47.

OFS Capital (NASDAQ:OFS – Get Rating) last announced its quarterly earnings results on Friday, May 6th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). OFS Capital had a net margin of 119.05% and a return on equity of 7.38%. During the same period in the prior year, the business earned $0.19 EPS. As a group, sell-side analysts expect that OFS Capital will post 1.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 23rd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 9.76%. This is a positive change from OFS Capital’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, June 22nd. OFS Capital’s dividend payout ratio (DPR) is presently 24.67%.

A number of institutional investors and hedge funds have recently modified their holdings of OFS. International Assets Investment Management LLC raised its stake in shares of OFS Capital by 10.2% in the fourth quarter. International Assets Investment Management LLC now owns 50,844 shares of the investment management company’s stock valued at $554,000 after acquiring an additional 4,719 shares during the period. Virtus ETF Advisers LLC bought a new position in OFS Capital during the 3rd quarter valued at about $343,000. Advisor Group Holdings Inc. raised its position in OFS Capital by 301.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 3,940 shares of the investment management company’s stock worth $40,000 after purchasing an additional 2,958 shares during the period. Ritholtz Wealth Management bought a new stake in OFS Capital in the fourth quarter worth about $153,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of OFS Capital by 29.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 30,054 shares of the investment management company’s stock valued at $311,000 after buying an additional 6,798 shares during the period. Institutional investors own 11.24% of the company’s stock.

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.

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