OFS Capital (NASDAQ:OFS) Shares Pass Below 200-Day Moving Average - Should You Sell?

OFS Capital Co. (NASDAQ:OFS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.35 and traded as low as $8.20. OFS Capital shares last traded at $8.32, with a volume of 36,839 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of OFS Capital from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 13th.

OFS Capital Trading Up 3.4 %

The business has a fifty day moving average of $8.74 and a 200-day moving average of $8.36. 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 $118.32 million, a P/E ratio of -98.10 and a beta of 1.29.

OFS Capital (NASDAQ:OFS - Get Free Report) last issued its earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The company had revenue of $11.65 million for the quarter, compared to analysts' expectations of $10.30 million. Analysts anticipate that OFS Capital Co. will post 1.17 earnings per share for the current fiscal year.

OFS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.40%. The ex-dividend date was Friday, March 21st. OFS Capital's dividend payout ratio is currently 64.15%.

Hedge Funds Weigh In On OFS Capital

Large investors have recently bought and sold shares of the stock. NBC Securities Inc. lifted its stake in OFS Capital by 130,533.3% during the 1st quarter. NBC Securities Inc. now owns 3,919 shares of the investment management company's stock valued at $36,000 after acquiring an additional 3,916 shares in the last quarter. Bank of America Corp DE lifted its stake in 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 valued at $57,000 after acquiring an additional 5,029 shares in the last quarter. Jane Street Group LLC bought a new position in OFS Capital during the 3rd quarter valued at $115,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in OFS Capital by 44.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company's stock valued at $396,000 after acquiring an additional 15,109 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake 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 valued at $490,000 after acquiring an additional 16,327 shares in the last quarter. 10.81% of the stock is currently owned by institutional investors.

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.