Free Trial

OFS Capital Co. (NASDAQ:OFS) Short Interest Update

OFS Capital logo with Finance background

OFS Capital Co. (NASDAQ:OFS - Get Free Report) saw a large drop in short interest during 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. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 61,100 shares, the short-interest ratio is currently 1.2 days.

OFS Capital Stock Performance

NASDAQ:OFS traded down $0.15 during mid-day trading on Wednesday, hitting $8.44. The company's stock had a trading volume of 32,047 shares, compared to its average volume of 57,806. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $113.10 million, a price-to-earnings ratio of -93.77 and a beta of 1.39. The business's fifty day moving average is $8.57 and its two-hundred day moving average is $8.45. OFS Capital has a 1 year low of $7.75 and a 1 year high of $10.01.

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

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.36 dividend on an annualized basis and a yield of 16.11%. OFS Capital's payout ratio is presently 60.44%.

Institutional Trading of OFS Capital

A number of hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of OFS Capital by 44.5% in 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 purchasing an additional 15,109 shares in the last quarter. Trexquant Investment LP grew its holdings in OFS Capital by 36.8% in the 4th 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 in the last quarter. Virtus ETF Advisers LLC grew its holdings in OFS Capital by 15.8% in the 4th 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 in the last quarter. Bank of America Corp DE increased its stake in shares of OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company's stock worth $57,000 after acquiring an additional 5,029 shares during the last quarter. Finally, Bulldog Investors LLP purchased a new position in shares of OFS Capital during the 4th quarter worth $916,000. Institutional investors and hedge funds own 10.81% of the company's stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on OFS Capital

OFS Capital Company Profile

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in OFS Capital Right Now?

Before you consider OFS Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OFS Capital wasn't on the list.

While OFS Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines