News stories about OFS Capital Corporation (NASDAQ:OFS) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OFS Capital Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 47.4301445609943 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Zacks Investment Research Upgrades OFS Capital Corporation (OFS) to Hold (americanbankingnews.com)
- OFS Capital Corporation (OFS) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Financial Comparison: OFS Capital Corporation (OFS) & Its Competitors (americanbankingnews.com)
- OFS Capital Corporation (OFS) Expected to Announce Quarterly Sales of $8.77 Million (americanbankingnews.com)
Shares of OFS Capital Corporation (NASDAQ OFS) opened at 13.06 on Tuesday. The company has a 50 day moving average price of $13.09 and a 200-day moving average price of $13.81. OFS Capital Corporation has a 12-month low of $12.25 and a 12-month high of $15.24.
OFS Capital Corporation (NASDAQ:OFS) last released its earnings results on Friday, August 4th. The investment management company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $7.98 million during the quarter, compared to the consensus estimate of $8.53 million. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. Equities research analysts forecast that OFS Capital Corporation will post $1.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date was Thursday, September 14th. OFS Capital Corporation’s dividend payout ratio (DPR) is currently 125.93%.
Several analysts have commented on OFS shares. Zacks Investment Research raised OFS Capital Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. National Securities reiterated a “buy” rating and set a $16.00 target price on shares of OFS Capital Corporation in a research report on Monday, August 7th. Finally, Robert W. Baird cut OFS Capital Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $13.00 in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.25.
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OFS Capital Corporation Company Profile
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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