International Assets Investment Management LLC Has $1.69 Million Stake in OFS Capital Co. (NASDAQ:OFS)

International Assets Investment Management LLC grew its position in OFS Capital Co. (NASDAQ:OFS) by 4.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 170,053 shares of the investment management company’s stock after purchasing an additional 7,850 shares during the period. International Assets Investment Management LLC’s holdings in OFS Capital were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Confluence Investment Management LLC acquired a new position in shares of OFS Capital in the first quarter valued at approximately $973,000. Cape Investment Advisory Inc. acquired a new stake in OFS Capital during the fourth quarter worth approximately $128,000. Access Investment Management LLC acquired a new stake in shares of OFS Capital in the 4th quarter valued at $380,000. Arkadios Wealth Advisors boosted its holdings in shares of OFS Capital by 17.6% in the 4th quarter. Arkadios Wealth Advisors now owns 20,333 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of OFS Capital by 25.2% in the 4th quarter. Ritholtz Wealth Management now owns 29,298 shares of the investment management company’s stock valued at $343,000 after purchasing an additional 5,898 shares in the last quarter. Institutional investors and hedge funds own 10.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded OFS Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th.

OFS Capital Stock Down 2.1 %

Shares of OFS opened at $9.23 on Monday. OFS Capital Co. has a 52 week low of $9.20 and a 52 week high of $12.44. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $9.66 and a 200-day moving average of $10.56.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings results on Thursday, May 2nd. The investment management company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. OFS Capital had a positive return on equity of 12.72% and a negative net margin of 23.41%. The company had revenue of $14.23 million during the quarter, compared to analysts’ expectations of $13.10 million. As a group, research analysts forecast that OFS Capital Co. will post 1.27 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 14.73%. The ex-dividend date is Tuesday, June 18th. OFS Capital’s dividend payout ratio is currently -137.37%.

OFS Capital Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.