OFS Capital (NASDAQ:OFS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded OFS Capital to “Hold,” though the broader analyst consensus remains “Reduce,” with a $7.00 price target; ratings include two Holds and one Sell.
• OFS shares opened at $4.11, above their 50-day and 200-day moving averages, but the company reported disappointing quarterly results, with EPS of $0.08 versus a $0.14 estimate and revenue of $6.84 million versus $7.87 million expected.
• Institutional ownership stands at 10.81%; Sanctuary Advisors recently purchased 12,102 shares worth approximately $43,000, representing a new position.

OFS Capital (NASDAQ:OFS - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages have also issued reports on OFS. Weiss Ratings reaffirmed a "sell (d)" rating on shares of OFS Capital in a research report on Tuesday, September 1st. Zacks Research raised OFS Capital to a "hold" rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, OFS Capital has a consensus rating of "Reduce" and a consensus price target of $7.00.

OFS Capital Price Performance

Shares of OFS stock opened at $4.11 on Friday. The firm has a fifty day simple moving average of $3.74 and a 200-day simple moving average of $3.64. The company has a market capitalization of $55.07 million, a PE ratio of -2.49 and a beta of 0.86. OFS Capital has a twelve month low of $2.72 and a twelve month high of $7.39. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.33.

OFS Capital (NASDAQ:OFS - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The investment management company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The firm had revenue of $6.84 million for the quarter, compared to analysts' expectations of $7.87 million. OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%. Equities research analysts anticipate that OFS Capital will post 0.40 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OFS Capital

An institutional investor recently bought a new stake in OFS Capital stock. Sanctuary Advisors LLC purchased a new position in shares of OFS Capital Corporation (NASDAQ:OFS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,102 shares of the investment management company's stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.09% of OFS Capital as of its most recent filing with the Securities and Exchange Commission (SEC). 10.81% of the stock is currently owned by institutional investors.

OFS Capital Company Profile

OFS Capital Corporation NASDAQ: OFS is a business development company that invests in privately held, primarily U.S.-based middle-market companies. The company seeks to provide financing to businesses that may have limited access to traditional sources of capital.

OFS Capital primarily invests in senior secured loans, subordinated debt and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and recurring cash flows.

OFS Capital is externally managed by OFS Capital Management, LLC, an affiliate of Orchard First Source Capital, Inc The company operates as a regulated investment company and has elected to be treated as a business development company under the Investment Company Act of 1940.

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