OFS Capital (NASDAQ:OFS) released its quarterly earnings results on Friday. The investment management company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36, MarketWatch Earnings reports. The firm had revenue of $13.86 million for the quarter, compared to the consensus estimate of $13.10 million. OFS Capital had a return on equity of 11.16% and a net margin of 16.74%.
Shares of OFS stock traded up $0.01 on Friday, reaching $12.01. The stock had a trading volume of 29,400 shares, compared to its average volume of 45,424. The stock has a market cap of $159.06 million, a P/E ratio of 8.70 and a beta of 0.64. The company has a 50 day simple moving average of $11.72 and a 200 day simple moving average of $11.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.16 and a current ratio of 0.16. OFS Capital has a 1 year low of $9.53 and a 1 year high of $12.81.
OFS has been the topic of a number of research reports. ValuEngine downgraded OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. LADENBURG THALM/SH SH upgraded OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. OFS Capital presently has an average rating of “Hold” and a consensus price target of $13.67.
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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