OFS Capital (NASDAQ:OFS) Stock Price Passes Below 200-Day Moving Average - Here's Why

OFS Capital Co. (NASDAQ:OFS - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

OFS Capital Stock Performance

The stock has a market capitalization of $119.80 million, a P/E ratio of -99.32 and a beta of 1.31. The stock has a 50 day simple moving average of $8.52 and a two-hundred day simple moving average of $8.47. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55.

OFS Capital (NASDAQ:OFS - Get Free Report) last released its earnings results on Thursday, May 1st. The investment management company reported $0.26 earnings per share 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 firm had revenue of $10.30 million during the quarter, compared to the consensus estimate of $11.90 million. On average, equities analysts forecast that OFS Capital Co. will post 1.17 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.21%. The ex-dividend date of this dividend is Friday, June 20th. OFS Capital's dividend payout ratio (DPR) is presently 60.44%.

Institutional Investors Weigh In On OFS Capital

Institutional investors and hedge funds have recently modified their holdings of the company. NBC Securities Inc. increased its position in OFS Capital by 130,533.3% during the first quarter. NBC Securities Inc. now owns 3,919 shares of the investment management company's stock worth $36,000 after buying an additional 3,916 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of OFS Capital by 3.0% during the 1st 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. Bank of America Corp DE increased its holdings in shares of OFS Capital by 245.3% during 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. Virtus ETF Advisers LLC raised its stake 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 acquiring an additional 8,784 shares during the period. Finally, Fort Sheridan Advisors LLC acquired a new stake in OFS Capital during the 1st quarter valued at $100,000. 10.81% of the stock is owned by institutional investors.

OFS Capital Company Profile

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.