OFS Capital (NASDAQ:OFS) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of OFS Capital (NASDAQ:OFS) from a buy rating to a hold rating in a report issued on Monday morning.

OFS Capital Stock Performance

Shares of OFS stock opened at $8.48 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The business has a fifty day moving average of $8.78 and a 200 day moving average of $8.39. The firm has a market capitalization of $113.63 million, a price-to-earnings ratio of -94.21 and a beta of 1.29. OFS Capital has a 1 year low of $7.75 and a 1 year high of $10.04.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Thursday, May 1st. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The company had revenue of $10.30 million for the quarter, compared to analysts’ expectations of $11.90 million. As a group, research analysts expect that OFS Capital will post 1.17 earnings per share for the current year.

OFS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 16.04%. The ex-dividend date of this dividend is Friday, June 20th. OFS Capital’s payout ratio is 64.15%.

Institutional Investors Weigh In On OFS Capital

Several large investors have recently bought and sold shares of OFS. Jane Street Group LLC purchased a new position in OFS Capital during the third quarter worth about $115,000. Arkadios Wealth Advisors lifted its holdings in OFS Capital by 7.7% during the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock worth $713,000 after buying an additional 6,332 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in OFS Capital by 44.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock worth $396,000 after purchasing an additional 15,109 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after purchasing an additional 16,327 shares in the last quarter. Finally, Virtus ETF Advisers LLC lifted its position in shares of OFS Capital by 15.8% during the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after purchasing an additional 8,784 shares during the last quarter. 10.81% of the stock is currently owned by hedge funds and other institutional investors.

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.