OFS Capital (NASDAQ:OFS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OFS Capital (NASDAQ:OFS) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently weighed in on OFS. Weiss Ratings reissued a “sell (d)” rating on shares of OFS Capital in a report on Tuesday, September 1st. Zacks Research upgraded OFS Capital to a “hold” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, OFS Capital has an average rating of “Reduce” and an average target price of $7.00.

OFS Capital Trading Down 0.5%

Shares of OFS opened at $4.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.65. OFS Capital has a 1-year low of $2.72 and a 1-year high of $7.29. The stock has a market cap of $54.81 million, a price-to-earnings ratio of -2.48 and a beta of 0.86.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Thursday, July 30th. The investment management company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $6.84 million for the quarter, compared to analyst estimates of $7.87 million. OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%. Equities analysts forecast that OFS Capital will post 0.40 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, September 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 16.6%. OFS Capital’s payout ratio is -41.21%.

Hedge Funds Weigh In On OFS Capital

An institutional investor recently raised its position in OFS Capital stock. Concorde Asset Management LLC increased its position in shares of OFS Capital Corporation (NASDAQ:OFS) by 85.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,550 shares of the investment management company’s stock after acquiring an additional 15,450 shares during the quarter. Concorde Asset Management LLC owned approximately 0.25% of OFS Capital worth $124,000 as of its most recent filing with the SEC. 10.81% of the stock is currently owned by hedge funds and other 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.