OFS Capital (NASDAQ:OFS) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

OFS Capital Corporation (NASDAQ:OFS - Get Free Report) passed 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 Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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 0.42, a current ratio of 0.04 and a quick ratio of 0.04. The stock's 50-day moving average price is $8.59 and its 200-day moving average price is $8.55.

OFS Capital (NASDAQ:OFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.07). The firm had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.90 million. OFS Capital had a return on equity of 9.14% and a net margin of 68.61%. On average, equities research analysts expect that OFS Capital Corporation will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were paid a $0.34 dividend. The ex-dividend date was Friday, June 20th. This represents a $1.36 annualized dividend and a dividend yield of 16.04%. OFS Capital's dividend payout ratio is currently 60.44%.

Institutional Trading of OFS Capital

Several hedge funds have recently modified their holdings of OFS. Trexquant Investment LP increased its stake in shares of 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 acquiring an additional 16,327 shares in the last quarter. Virtus ETF Advisers LLC raised its holdings in OFS Capital by 15.8% during the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company's stock worth $519,000 after buying an additional 8,784 shares during the last quarter. Bank of America Corp DE raised its holdings in OFS Capital by 245.3% during the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company's stock worth $57,000 after buying an additional 5,029 shares during the last quarter. Bulldog Investors LLP acquired a new position in OFS Capital during the fourth quarter worth $916,000. Finally, Two Sigma Advisers LP raised its holdings 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 worth $1,608,000 after buying an additional 27,900 shares during the last quarter. Institutional investors own 10.81% of the company's stock.

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.