Connor Clark & Lunn Investment Management Ltd. Acquires 15,109 Shares of OFS Capital Co. (NASDAQ:OFS)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of OFS Capital Co. (NASDAQ:OFS) by 44.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,066 shares of the investment management company’s stock after purchasing an additional 15,109 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in OFS Capital were worth $396,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC acquired a new position in shares of OFS Capital during the 3rd quarter worth approximately $115,000. Institutional investors own 10.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of OFS Capital from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th.

OFS Capital Stock Down 4.2 %

OFS Capital stock opened at $9.20 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The company’s 50-day moving average is $8.46 and its 200-day moving average is $8.31. The firm has a market capitalization of $123.28 million, a PE ratio of -102.21 and a beta of 1.76. OFS Capital Co. has a fifty-two week low of $7.75 and a fifty-two week high of $10.14.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The firm had revenue of $11.65 million for the quarter, compared to analyst estimates of $10.30 million. Sell-side analysts anticipate that OFS Capital Co. will post 1.17 earnings per share for the current year.

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 14.78%. The ex-dividend date is Friday, March 21st. OFS Capital’s dividend payout ratio is 64.15%.

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.