International Assets Investment Management LLC Buys 1,749,607 Shares of OFS Capital Co. (NASDAQ:OFS)

International Assets Investment Management LLC boosted its holdings in OFS Capital Co. (NASDAQ:OFS - Free Report) by 1,180.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,897,775 shares of the investment management company's stock after purchasing an additional 1,749,607 shares during the period. International Assets Investment Management LLC owned about 14.16% of OFS Capital worth $22,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of OFS Capital by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 306,045 shares of the investment management company's stock worth $3,440,000 after purchasing an additional 20,098 shares during the last quarter. Acadian Asset Management LLC increased its position in OFS Capital by 18.6% in the third quarter. Acadian Asset Management LLC now owns 202,591 shares of the investment management company's stock worth $2,275,000 after buying an additional 31,751 shares during the last quarter. Millennium Management LLC raised its stake in shares of OFS Capital by 46.7% in the second quarter. Millennium Management LLC now owns 69,543 shares of the investment management company's stock valued at $690,000 after buying an additional 22,131 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of OFS Capital by 39.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,401 shares of the investment management company's stock valued at $533,000 after buying an additional 13,298 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of OFS Capital during the 3rd quarter valued at $494,000. Institutional investors own 10.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded OFS Capital from a "sell" rating to a "hold" rating in a research note on Thursday, March 14th.

OFS Capital Stock Performance

Shares of OFS stock traded up $0.10 during trading on Thursday, reaching $9.96. 20,724 shares of the company's stock traded hands, compared to its average volume of 44,293. The firm's 50-day moving average is $10.65 and its 200 day moving average is $10.88. The company has a market capitalization of $133.46 million, a P/E ratio of -249.00 and a beta of 1.75. OFS Capital Co. has a 1 year low of $9.10 and a 1 year high of $12.44. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.78.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its earnings results on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). OFS Capital had a positive return on equity of 11.76% and a negative net margin of 0.82%. The company had revenue of $13.48 million for the quarter, compared to analysts' expectations of $14.53 million. During the same quarter in the prior year, the company earned $0.35 EPS. Equities research analysts expect that OFS Capital Co. will post 1.34 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.65%. The ex-dividend date of this dividend was Friday, March 15th. OFS Capital's dividend payout ratio is presently -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.