OFS Capital Co. (NASDAQ:OFS) Short Interest Down 13.6% in May

OFS Capital Co. (NASDAQ:OFS - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 75,700 shares, a drop of 13.6% from the April 30th total of 87,600 shares. Based on an average daily trading volume, of 61,100 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of OFS Capital from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bulldog Investors LLP purchased a new stake in OFS Capital during the fourth quarter valued at approximately $916,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company's stock valued at $396,000 after buying an additional 15,109 shares during the last quarter. Trexquant Investment LP increased its holdings in OFS Capital by 36.8% during the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company's stock valued at $490,000 after buying an additional 16,327 shares during the last quarter. Two Sigma Advisers LP increased its holdings in OFS Capital by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock valued at $1,608,000 after buying an additional 27,900 shares during the last quarter. Finally, Virtus ETF Advisers LLC increased its holdings in OFS Capital by 15.8% during the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company's stock valued at $519,000 after buying an additional 8,784 shares during the last quarter. 10.81% of the stock is owned by hedge funds and other institutional investors.

OFS Capital Trading Up 0.6%

NASDAQ:OFS traded up $0.05 during trading hours on Friday, reaching $8.45. The company's stock had a trading volume of 26,526 shares, compared to its average volume of 57,762. The firm has a market capitalization of $113.23 million, a price-to-earnings ratio of -93.88 and a beta of 1.31. The firm has a 50-day simple moving average of $8.53 and a 200-day simple moving average of $8.46. OFS Capital has a 1 year low of $7.75 and a 1 year high of $10.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12.

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

OFS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, June 20th. This represents a $1.36 annualized dividend and a dividend yield of 16.09%. OFS Capital's payout ratio is 60.44%.

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.