OFS Capital (OFS) Raised to Hold at ValuEngine

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ValuEngine upgraded shares of OFS Capital (NASDAQ:OFS) from a sell rating to a hold rating in a report released on Wednesday.

A number of other research firms also recently commented on OFS. National Securities restated a buy rating and set a $15.00 price target on shares of OFS Capital in a research report on Monday, October 15th. TheStreet upgraded shares of OFS Capital from a c rating to a b rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of OFS Capital from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Thursday, November 8th.

Shares of NASDAQ:OFS opened at $11.24 on Wednesday. The stock has a market capitalization of $151.42 million, a P/E ratio of 8.93 and a beta of 0.67. OFS Capital has a fifty-two week low of $10.41 and a fifty-two week high of $12.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.18 and a current ratio of 0.18.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Friday, November 2nd. The investment management company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $10.98 million for the quarter, compared to the consensus estimate of $10.40 million. OFS Capital had a net margin of 46.21% and a return on equity of 9.16%. On average, research analysts expect that OFS Capital will post 1.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.10%. OFS Capital’s dividend payout ratio (DPR) is 106.25%.

An institutional investor recently raised its position in OFS Capital stock. Advisors Asset Management Inc. grew its stake in shares of OFS Capital Corp (NASDAQ:OFS) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353,271 shares of the investment management company’s stock after buying an additional 7,653 shares during the quarter. Advisors Asset Management Inc. owned about 2.65% of OFS Capital worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 24.76% 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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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