OFS Capital (NASDAQ:OFS) Shares Cross Above 50 Day Moving Average of $11.53

OFS Capital Corp (NASDAQ:OFS) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.53 and traded as high as $11.79. OFS Capital shares last traded at $11.64, with a volume of 5,745 shares changing hands.

OFS has been the subject of a number of recent analyst reports. ValuEngine lowered shares of OFS Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. LADENBURG THALM/SH SH upgraded shares of OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.67.

The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $11.56 and its two-hundred day moving average price is $11.87. The company has a market cap of $157.72 million, a P/E ratio of 8.03 and a beta of 0.62.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings data on Friday, August 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. OFS Capital had a net margin of 16.74% and a return on equity of 11.16%. The company had revenue of $12.90 million during the quarter, compared to analyst estimates of $12.40 million. Equities analysts forecast that OFS Capital Corp will post 1.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.36 annualized dividend and a dividend yield of 11.62%. OFS Capital’s dividend payout ratio (DPR) is 98.55%.

Several large investors have recently bought and sold shares of OFS. Tower Research Capital LLC TRC boosted its position in shares of OFS Capital by 3,350.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,277 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 2,211 shares in the last quarter. Advisor Group Inc. lifted its stake in OFS Capital by 380.7% during the second quarter. Advisor Group Inc. now owns 4,807 shares of the investment management company’s stock valued at $58,000 after buying an additional 3,807 shares in the last quarter. Acadian Asset Management LLC lifted its stake in OFS Capital by 15.3% during the second quarter. Acadian Asset Management LLC now owns 15,804 shares of the investment management company’s stock valued at $189,000 after buying an additional 2,100 shares in the last quarter. Mckinley Capital Management LLC Delaware lifted its stake in OFS Capital by 3.8% during the second quarter. Mckinley Capital Management LLC Delaware now owns 97,155 shares of the investment management company’s stock valued at $1,166,000 after buying an additional 3,556 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new stake in OFS Capital during the second quarter valued at about $1,843,000. Institutional investors own 19.96% of the company’s stock.

OFS Capital Company Profile (NASDAQ:OFS)

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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