OFS Capital (NASDAQ:OFS) Shares Pass Below 200 Day Moving Average - What's Next?

OFS Capital Corporation (NASDAQ:OFS - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.55 and traded as low as $8.45. OFS Capital shares last traded at $8.50, with a volume of 37,906 shares traded.

Analyst Ratings Changes

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

OFS Capital Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50 day moving average price is $8.59 and its 200-day moving average price is $8.56.

OFS Capital (NASDAQ:OFS - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.90 million. OFS Capital had a net margin of 68.61% and a return on equity of 9.14%. Analysts expect that OFS Capital Corporation will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, June 20th. This represents a $1.36 annualized dividend and a yield of 16.17%. OFS Capital's payout ratio is currently 60.44%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bulldog Investors LLP acquired a new stake in shares of OFS Capital during the fourth quarter worth $916,000. Two Sigma Advisers LP boosted its position 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 acquiring an additional 27,900 shares during the last quarter. Trexquant Investment LP grew its holdings in OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company's stock worth $490,000 after acquiring an additional 16,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 acquiring an additional 10,995 shares in the last quarter. Finally, Fort Sheridan Advisors LLC bought a new position in shares of OFS Capital in the 1st quarter worth about $100,000. 10.81% of the stock is currently owned by institutional investors and hedge funds.

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.