OFS Capital (NASDAQ:OFS) Shares Pass Below 200-Day Moving Average of $10.82

OFS Capital Co. (NASDAQ:OFS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.82 and traded as low as $9.33. OFS Capital shares last traded at $9.47, with a volume of 47,637 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th.

OFS Capital Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50 day moving average is $10.43 and its 200 day moving average is $10.82. The stock has a market cap of $126.88 million, a price-to-earnings ratio of -236.75 and a beta of 1.75.

OFS Capital (NASDAQ:OFS) last posted its earnings results on Tuesday, March 5th. The investment management company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $14.53 million. OFS Capital had a negative net margin of 0.82% and a positive return on equity of 11.76%. During the same quarter last year, the business posted $0.35 earnings per share. Research analysts forecast that OFS Capital Co. will post 1.34 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.36 dividend on an annualized basis and a yield of 14.36%. OFS Capital’s dividend payout ratio (DPR) is -3,400.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of OFS Capital by 4.8% in the first quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company’s stock valued at $1,689,000 after purchasing an additional 7,850 shares during the period. Confluence Investment Management LLC bought a new position in OFS Capital during the 1st quarter valued at $973,000. Cape Investment Advisory Inc. bought a new position in OFS Capital during the 4th quarter valued at $128,000. Access Investment Management LLC bought a new position in OFS Capital during the 4th quarter valued at $380,000. Finally, Arkadios Wealth Advisors boosted its stake in OFS Capital by 17.6% during the 4th quarter. Arkadios Wealth Advisors now owns 20,333 shares of the investment management company’s stock valued at $238,000 after acquiring an additional 3,038 shares during the last quarter. 10.81% of the stock is owned by institutional investors and hedge funds.

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.