OFS Capital (NASDAQ:OFS) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

OFS Capital Corporation (NASDAQ:OFS)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.42 and traded as low as $4.14. OFS Capital shares last traded at $4.20, with a volume of 148,271 shares changing hands.

Analyst Ratings Changes

OFS has been the topic of a number of recent research reports. Noble Financial began coverage on shares of OFS Capital in a research report on Tuesday, November 4th. They issued a “neutral” rating on the stock. Capital One Financial set a $7.00 price target on OFS Capital in a research report on Tuesday, November 4th. Wall Street Zen raised shares of OFS Capital from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Loop Capital set a $7.00 price target on OFS Capital in a research note on Tuesday, November 4th. Finally, Weiss Ratings downgraded OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $7.00.

OFS Capital Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $4.85 and its 200-day moving average is $6.42. The firm has a market capitalization of $56.28 million, a price-to-earnings ratio of 17.50 and a beta of 0.85.

Institutional Trading of OFS Capital

A number of institutional investors have recently bought and sold shares of OFS. Bank of America Corp DE boosted its position in shares of OFS Capital by 245.3% during the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock valued at $57,000 after purchasing an additional 5,029 shares in the last quarter. Ritholtz Wealth Management bought a new position in OFS Capital in the 2nd quarter valued at $347,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of OFS Capital by 5.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,166 shares of the investment management company’s stock valued at $533,000 after acquiring an additional 3,105 shares during the period. Two Sigma Investments LP boosted its position in OFS Capital by 5.8% during the third quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after purchasing an additional 6,636 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of OFS Capital by 16.9% in the third quarter. International Assets Investment Management LLC now owns 168,003 shares of the investment management company’s stock worth $1,418,000 after acquiring an additional 24,264 shares during the period. Institutional investors own 10.81% of the company’s stock.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.