OFS Capital (NASDAQ:OFS) Stock Bumped Up to “Hold” by Zacks Research

Zacks Research upgraded shares of OFS Capital (NASDAQ:OFS) to a hold rating in a report released on Monday morning,Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Capital in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $7.00.

OFS Capital Trading Up 16.9%

NASDAQ:OFS opened at $4.16 on Monday. The stock’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.62. OFS Capital has a fifty-two week low of $2.72 and a fifty-two week high of $7.65. The stock has a market cap of $55.74 million, a PE ratio of -2.52 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.04 and a quick ratio of 0.04.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Thursday, July 30th. The investment management company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%.The company had revenue of $6.84 million during the quarter, compared to analyst estimates of $7.87 million. As a group, equities research analysts forecast that OFS Capital will post 0.4 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, September 18th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 16.3%. The ex-dividend date of this dividend was Friday, September 18th. OFS Capital’s dividend payout ratio (DPR) is presently -41.21%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in OFS Capital stock. Concorde Asset Management LLC boosted its holdings in shares of OFS Capital Corporation (NASDAQ:OFS) by 85.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,550 shares of the investment management company’s stock after buying an additional 15,450 shares during the period. Concorde Asset Management LLC owned about 0.25% of OFS Capital worth $124,000 as of its most recent SEC filing. 10.81% of the stock is currently owned by institutional investors.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ:OFS) is a business development company that invests in privately held, primarily U.S.-based middle-market companies. The company seeks to provide financing to businesses that may have limited access to traditional sources of capital.

OFS Capital primarily invests in senior secured loans, subordinated debt and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and recurring cash flows.

OFS Capital is externally managed by OFS Capital Management, LLC, an affiliate of Orchard First Source Capital, Inc The company operates as a regulated investment company and has elected to be treated as a business development company under the Investment Company Act of 1940.