OFS Capital (NASDAQ:OFS) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

OFS Capital Co. (NASDAQ:OFS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.96 and traded as low as $8.14. OFS Capital shares last traded at $8.23, with a volume of 45,474 shares changing hands.

OFS Capital Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a 50 day moving average of $8.23 and a 200 day moving average of $8.96. The firm has a market cap of $110.27 million, a P/E ratio of -8.31 and a beta of 1.78.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $11.17 million for the quarter, compared to analysts’ expectations of $11.78 million. OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, equities research analysts predict that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.34 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.52%. OFS Capital’s payout ratio is -137.37%.

Hedge Funds Weigh In On OFS Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in OFS Capital in the 2nd quarter worth approximately $114,000. Arkadios Wealth Advisors increased its stake in shares of OFS Capital by 108.1% in the first quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company’s stock worth $420,000 after buying an additional 21,970 shares during the period. Confluence Investment Management LLC purchased a new stake in OFS Capital during the 1st quarter valued at $973,000. International Assets Investment Management LLC grew its holdings in OFS Capital by 4.8% in the 1st quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company’s stock worth $1,689,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of OFS Capital by 6.2% in the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock valued at $2,856,000 after acquiring an additional 16,748 shares during the period. Institutional investors own 10.81% of the company’s stock.

About OFS Capital

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.