OFS Capital (NASDAQ:OFS) Share Price Passes Below 200-Day Moving Average - Time to Sell?

OFS Capital Co. (NASDAQ:OFS - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.46 and traded as low as $8.40. OFS Capital shares last traded at $8.45, with a volume of 26,526 shares trading hands.

Wall Street Analysts Forecast Growth

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

OFS Capital Stock Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $113.23 million, a PE ratio of -93.88 and a beta of 1.31. The business's 50-day moving average is $8.53 and its 200-day moving average is $8.46.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The investment management company reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $10.30 million for the quarter, compared to analysts' expectations of $11.90 million. On average, research analysts anticipate that OFS Capital Co. will post 1.17 earnings per share for the current year.

OFS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.09%. The ex-dividend date of this dividend is Friday, June 20th. OFS Capital's payout ratio is 60.44%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OFS. Connor Clark & Lunn Investment Management Ltd. increased its holdings in OFS Capital by 22.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,061 shares of the investment management company's stock worth $558,000 after buying an additional 10,995 shares in the last quarter. Fort Sheridan Advisors LLC purchased a new stake in shares of OFS Capital during the 1st quarter valued at about $100,000. International Assets Investment Management LLC grew its stake in shares of OFS Capital by 3.0% in the first quarter. International Assets Investment Management LLC now owns 143,597 shares of the investment management company's stock worth $1,334,000 after acquiring an additional 4,200 shares during the period. NBC Securities Inc. grew its stake in shares of OFS Capital by 130,533.3% in the first quarter. NBC Securities Inc. now owns 3,919 shares of the investment management company's stock worth $36,000 after acquiring an additional 3,916 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of OFS Capital by 16.3% in the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company's stock worth $1,608,000 after acquiring an additional 27,900 shares during the period. Hedge funds and other institutional investors own 10.81% of the company's stock.

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.

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