OFS Capital Co. (NASDAQ:OFS) Sees Large Growth in Short Interest

OFS Capital Co. (NASDAQ:OFS) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 43,100 shares, a growth of 23.1% from the June 30th total of 35,000 shares. Based on an average trading volume of 48,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of OFS Capital

Several large investors have recently modified their holdings of the business. Confluence Investment Management LLC purchased a new stake in OFS Capital in the 1st quarter worth approximately $973,000. International Assets Investment Management LLC boosted its holdings in OFS Capital by 1,180.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,897,775 shares of the investment management company’s stock valued at $22,204,000 after acquiring an additional 1,749,607 shares in the last quarter. Ritholtz Wealth Management increased its position in OFS Capital by 25.2% during the 4th quarter. Ritholtz Wealth Management now owns 29,298 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 5,898 shares during the period. Arkadios Wealth Advisors increased its position 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 purchasing an additional 3,038 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of OFS Capital in the 4th quarter worth about $128,000. 10.81% of the stock is owned by institutional investors.

OFS Capital Stock Performance

OFS Capital stock traded up $0.10 during trading hours on Friday, reaching $8.64. The company had a trading volume of 57,770 shares, compared to its average volume of 43,023. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.04 and a quick ratio of 0.04. OFS Capital has a 12-month low of $8.42 and a 12-month high of $12.44. The company has a 50-day moving average price of $9.25 and a 200 day moving average price of $10.09.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, May 2nd. The investment management company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. The company had revenue of $14.23 million for the quarter, compared to the consensus estimate of $13.10 million. OFS Capital had a negative net margin of 23.41% and a positive return on equity of 12.72%. On average, equities analysts anticipate that OFS Capital will post 1.27 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.74%. OFS Capital’s dividend payout ratio is currently -137.37%.

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 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.