News coverage about OFS Capital Corp (NASDAQ:OFS) has been trending somewhat positive this week, AlphaOne reports. The research firm, a service of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. OFS Capital Corp earned a media sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also assigned news articles about the investment management company an impact score of 74 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the immediate future.
Several equities analysts recently commented on the stock. Langenberg & Company raised shares of OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, March 27th. Ladenburg Thalmann Financial Services raised shares of OFS Capital Corp from a “neutral” rating to a “buy” rating in a research report on Monday, March 27th. National Securities increased their price objective on shares of OFS Capital Corp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, Zacks Investment Research 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 report on Saturday, March 18th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.00.
OFS Capital Corp (NASDAQ:OFS) opened at 14.23 on Wednesday. The stock has a 50 day moving average of $14.29 and a 200 day moving average of $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 posted its quarterly earnings data on Friday, May 5th. The investment management company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $8.03 million for the quarter, compared to analysts’ expectations of $8.20 million. OFS Capital Corp had a return on equity of 10.40% and a net margin of 47.80%. Equities analysts forecast that OFS Capital Corp will post $1.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.56%. The ex-dividend date is Wednesday, June 14th. OFS Capital Corp’s payout ratio is currently 86.08%.
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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