OFS Capital Co. (NASDAQ:OFS) Short Interest Update

OFS Capital Co. (NASDAQ:OFS) 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

Several institutional investors have recently modified their holdings of OFS. Advisors Asset Management Inc. raised its position in OFS Capital by 34.7% in the 4th quarter. Advisors Asset Management Inc. now owns 202,712 shares of the investment management company’s stock valued at $2,068,000 after purchasing an additional 52,238 shares during the last quarter. International Assets Investment Management LLC raised its position in OFS Capital by 45.9% in the 3rd quarter. International Assets Investment Management LLC now owns 148,168 shares of the investment management company’s stock valued at $1,630,000 after purchasing an additional 46,624 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in OFS Capital in the 3rd quarter valued at $494,000. PNC Financial Services Group Inc. purchased a new stake in OFS Capital in the 1st quarter valued at $522,000. Finally, Virtu Financial LLC purchased a new stake in OFS Capital in the 2nd quarter valued at $325,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.