Short Interest in OFS Capital Co. (NASDAQ:OFS) Drops By 24.0%

OFS Capital Co. (NASDAQ:OFS) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 58,400 shares, a decrease of 24.0% from the October 15th total of 76,800 shares. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On OFS Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its position in shares of OFS Capital by 80.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company’s stock worth $678,000 after buying an additional 34,083 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of OFS Capital by 783.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock worth $9,971,000 after purchasing an additional 1,046,440 shares during the period. Sanctuary Advisors LLC acquired a new stake in OFS Capital in the 2nd quarter worth about $114,000. Advisors Asset Management Inc. grew its holdings in OFS Capital by 6.2% in the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock valued at $2,856,000 after purchasing an additional 16,748 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of OFS Capital during the 3rd quarter worth $115,000. 10.81% of the stock is currently owned by institutional investors and hedge funds.

OFS Capital Price Performance

NASDAQ:OFS remained flat at $8.02 during trading hours on Friday. 41,745 shares of the company were exchanged, compared to its average volume of 45,911. The firm has a market cap of $107.47 million, a price-to-earnings ratio of -89.10 and a beta of 1.78. The firm’s fifty day moving average is $8.23 and its 200-day moving average is $8.69. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a 12-month low of $7.75 and a 12-month high of $12.41.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $10.92 million during the quarter, compared to analysts’ expectations of $10.97 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. During the same quarter in the prior year, the business earned $0.40 EPS. Research analysts forecast that OFS Capital will post 1.18 EPS for the current fiscal year.

OFS Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.96%. OFS Capital’s dividend payout ratio (DPR) is presently -1,510.94%.

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.