OFS Capital Co. (NASDAQ:OFS – Get Free Report)’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 – Get Free Report) 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
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.
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