OFS Capital's (OFS) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• OFS Capital's stock rating has been reiterated as "hold (c)" by Weiss Ratings, while Wall Street Zen has downgraded the stock from "hold" to "sell."
• Despite a 0.7% decrease in stock price recently, OFS Capital reported a positive quarterly earnings result, surpassing consensus estimates with $0.25 EPS against an expected $0.24.
• Significant institutional trading activity is noted, with NBC Securities increasing its holdings by over 130,000%, reflecting strong investor interest.

OFS Capital (NASDAQ:OFS - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded OFS Capital from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, OFS Capital presently has an average rating of "Hold".

OFS Capital Stock Down 0.7%

NASDAQ:OFS opened at $7.48 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $100.23 million, a PE ratio of 9.84 and a beta of 1.37. OFS Capital has a 52-week low of $7.40 and a 52-week high of $9.80. The stock has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $8.50.

OFS Capital (NASDAQ:OFS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The investment management company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. OFS Capital had a return on equity of 9.16% and a net margin of 23.64%.The business had revenue of $10.48 million during the quarter, compared to analysts' expectations of $10.00 million. On average, sell-side analysts expect that OFS Capital will post 1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. NBC Securities Inc. lifted its holdings in shares of OFS Capital by 130,533.3% in 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 during the last quarter. Bank of America Corp DE lifted its holdings in shares of OFS Capital by 245.3% in 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 during the last quarter. Fort Sheridan Advisors LLC bought a new position in shares of OFS Capital in the 1st quarter valued at about $100,000. Ritholtz Wealth Management bought a new position in shares of OFS Capital in the 2nd quarter valued at about $347,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 valued at $558,000 after acquiring an additional 10,995 shares during the last quarter. Hedge funds and other 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.

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