Advisors Asset Management Inc. increased its holdings in OFS Capital Co. (NASDAQ:OFS – Get Rating) by 82.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 127,737 shares of the investment management company’s stock after buying an additional 57,596 shares during the quarter. Advisors Asset Management Inc. owned about 0.95% of OFS Capital worth $1,267,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Holdings Inc. boosted its position in OFS Capital by 122.4% in the first quarter. Advisor Group Holdings Inc. now owns 8,405 shares of the investment management company’s stock worth $110,000 after purchasing an additional 4,625 shares during the last quarter. Stokes Family Office LLC purchased a new position in OFS Capital in the second quarter worth about $120,000. Envestnet Asset Management Inc. purchased a new position in OFS Capital in the second quarter worth about $135,000. Ritholtz Wealth Management lifted its position in shares of OFS Capital by 23.0% during the 2nd quarter. Ritholtz Wealth Management now owns 20,810 shares of the investment management company’s stock valued at $206,000 after buying an additional 3,897 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in shares of OFS Capital during the 1st quarter valued at about $522,000. 18.75% of the stock is owned by hedge funds and other institutional investors.
OFS Capital Stock Up 3.0 %
OFS stock opened at $10.59 on Wednesday. OFS Capital Co. has a twelve month low of $7.54 and a twelve month high of $13.47. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.95. The stock has a market cap of $141.83 million, a P/E ratio of 20.37 and a beta of 1.75. The business’s 50-day moving average price is $9.26 and its 200-day moving average price is $10.55.
OFS Capital Increases Dividend
Wall Street Analyst Weigh In
Separately, StockNews.com raised OFS Capital from a “sell” rating to a “hold” rating in a research report on Wednesday.
OFS Capital 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.
- Get a free copy of the StockNews.com research report on OFS Capital (OFS)
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