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.
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