OFS Capital Corporation (NASDAQ:OFS) Short Interest Update

OFS Capital Corporation (NASDAQ:OFS) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 230,913 shares, a growth of 26.9% from the February 26th total of 182,001 shares. Based on an average trading volume of 100,315 shares, the short-interest ratio is presently 2.3 days.

OFS Capital Stock Up 2.2%

Shares of NASDAQ OFS traded up $0.07 during mid-day trading on Monday, reaching $3.26. 34,706 shares of the company were exchanged, compared to its average volume of 101,598. OFS Capital has a 1 year low of $2.72 and a 1 year high of $9.52. The firm has a 50-day moving average of $4.09 and a 200 day moving average of $5.34. The stock has a market cap of $43.68 million, a price-to-earnings ratio of -1.32 and a beta of 0.86. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.45.

OFS Capital (NASDAQ:OFS) last posted its earnings results on Monday, March 2nd. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). The company had revenue of ($9.10) million during the quarter, compared to analysts’ expectations of $10.50 million. OFS Capital had a negative net margin of 81.33% and a positive return on equity of 8.75%. On average, research analysts expect that OFS Capital will post 1.17 earnings per share for the current year.

OFS Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 20.9%. The ex-dividend date is Friday, March 20th. OFS Capital’s payout ratio is -27.53%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, OFS Capital currently has a consensus rating of “Reduce” and a consensus price target of $7.00.

Institutional Investors Weigh In On OFS Capital

Several institutional investors have recently bought and sold shares of OFS. Bank of America Corp DE grew its position in OFS Capital by 245.3% during the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after purchasing an additional 5,029 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of OFS Capital by 16.9% in the third quarter. International Assets Investment Management LLC now owns 168,003 shares of the investment management company’s stock worth $1,418,000 after buying an additional 24,264 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of OFS Capital by 5.8% during the third quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after buying an additional 6,636 shares during the period. Jane Street Group LLC acquired a new stake in shares of OFS Capital during the fourth quarter worth $66,000. Finally, Marshall Wace LLP purchased a new stake in shares of OFS Capital during the fourth quarter valued at $377,000. 10.81% of the stock is currently owned by institutional investors and hedge funds.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.