OFS Capital Co. (NASDAQ:OFS – Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 22,300 shares, a decline of 28.8% from the October 15th total of 31,300 shares. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of OFS Capital in a research report on Thursday, October 5th. They set a “hold” rating for the company.
Institutional Trading of OFS Capital
OFS Capital Trading Up 1.7 %
Shares of OFS stock opened at $10.37 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.05 and a current ratio of 0.10. OFS Capital has a fifty-two week low of $9.10 and a fifty-two week high of $12.44. The stock has a market capitalization of $138.96 million, a P/E ratio of 23.04 and a beta of 1.71. The company has a 50 day moving average price of $10.81 and a 200 day moving average price of $10.28.
OFS Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 13.11%. The ex-dividend date is Thursday, December 21st. OFS Capital’s dividend payout ratio (DPR) is presently 302.23%.
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.
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