OFS Capital (NASDAQ:OFS) Share Price Passes Below 200 Day Moving Average of $9.25

OFS Capital Co. (NASDAQ:OFS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.25 and traded as low as $8.72. OFS Capital shares last traded at $8.85, with a volume of 99,614 shares changing hands.

OFS Capital Price Performance

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 firm has a market cap of $118.57 million, a PE ratio of -8.94 and a beta of 1.77. The firm has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $9.25.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate 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 EPS. As a group, equities analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 15.37%. The ex-dividend date is Friday, September 20th. OFS Capital’s dividend payout ratio is presently -137.37%.

Hedge Funds Weigh In On OFS Capital

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of OFS Capital in the 2nd quarter worth about $114,000. Cape Investment Advisory Inc. purchased a new position in shares of OFS Capital in the 4th quarter worth about $128,000. Arkadios Wealth Advisors raised its position in shares of OFS Capital by 108.1% in the 1st quarter. Arkadios Wealth Advisors now owns 42,303 shares of the investment management company’s stock worth $420,000 after purchasing an additional 21,970 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of OFS Capital in the 1st quarter worth about $973,000. Finally, International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 7,850 shares during the last quarter. Hedge funds and other 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.