Shares of OFS Capital Corp (NASDAQ:OFS) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.75.
A number of equities research analysts have recently issued reports on the stock. National Securities reaffirmed a “buy” rating and issued a $16.00 price objective on shares of OFS Capital Corp in a research note on Tuesday, May 9th. Zacks Investment Research cut shares of OFS Capital Corp from a “buy” rating to a “sell” rating in a research note on Thursday, May 11th. Langenberg & Company raised shares of OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, March 27th. Finally, Ladenburg Thalmann Financial Services raised shares of OFS Capital Corp from a “neutral” rating to a “buy” rating in a research note on Monday, March 27th.
Shares of OFS Capital Corp (NASDAQ:OFS) opened at 14.23 on Friday. The company’s 50 day moving average is $14.29 and its 200 day moving average is $14.07. OFS Capital Corp has a 52-week low of $11.91 and a 52-week high of $15.23.
OFS Capital Corp (NASDAQ:OFS) last announced its quarterly earnings data on Friday, May 5th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. OFS Capital Corp had a net margin of 47.80% and a return on equity of 10.40%. The company had revenue of $8.03 million during the quarter, compared to analysts’ expectations of $8.20 million. Equities research analysts expect that OFS Capital Corp will post $1.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.36 dividend on an annualized basis and a yield of 9.56%. OFS Capital Corp’s dividend payout ratio is currently 86.08%.
A number of large investors have recently bought and sold shares of OFS. Hillsdale Investment Management Inc. purchased a new stake in OFS Capital Corp during the first quarter worth approximately $148,000. Two Sigma Securities LLC purchased a new stake in OFS Capital Corp during the first quarter worth approximately $188,000. Wells Fargo & Company MN raised its stake in OFS Capital Corp by 243.0% in the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock worth $212,000 after buying an additional 10,577 shares in the last quarter. Shikiar Asset Management Inc. purchased a new stake in OFS Capital Corp during the first quarter worth approximately $284,000. Finally, LSV Asset Management raised its stake in OFS Capital Corp by 91.1% in the first quarter. LSV Asset Management now owns 21,400 shares of the investment management company’s stock worth $303,000 after buying an additional 10,200 shares in the last quarter. Institutional investors own 23.53% of the company’s stock.
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About OFS Capital Corp
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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