OFS Capital Co. (NASDAQ:OFS) Sees Significant Increase in Short Interest

OFS Capital Co. (NASDAQ:OFS - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 49,400 shares, a growth of 86.4% from the March 15th total of 26,500 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 44,100 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of OFS Capital by 1,180.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,897,775 shares of the investment management company's stock worth $22,204,000 after buying an additional 1,749,607 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of OFS Capital during the first quarter worth $973,000. Advisors Asset Management Inc. grew its stake in shares of OFS Capital by 34.7% during the fourth quarter. Advisors Asset Management Inc. now owns 202,712 shares of the investment management company's stock worth $2,068,000 after buying an additional 52,238 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of OFS Capital during the third quarter worth $494,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of OFS Capital during the first quarter worth $522,000. 10.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of OFS Capital from a "sell" rating to a "hold" rating in a report on Thursday, March 14th.

OFS Capital Stock Performance

Shares of OFS traded down $0.30 during mid-day trading on Friday, hitting $9.66. 52,106 shares of the company's stock were exchanged, compared to its average volume of 44,403. OFS Capital has a 52 week low of $9.10 and a 52 week high of $12.44. The stock's 50-day simple moving average is $10.65 and its 200-day simple moving average is $10.88. The firm has a market cap of $129.44 million, a price-to-earnings ratio of -248.00 and a beta of 1.75. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.78.

OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.04). The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate of $14.53 million. OFS Capital had a negative net margin of 0.82% and a positive return on equity of 11.76%. During the same period last year, the business earned $0.35 earnings per share. On average, equities research analysts expect that OFS Capital will post 1.34 EPS for the current year.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.36 dividend on an annualized basis and a yield of 14.08%. OFS Capital's dividend payout ratio (DPR) is -3,400.00%.

About OFS Capital

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.