OFS Capital Corporation (NASDAQ:OFS) Short Interest Update

OFS Capital Corporation (NASDAQ:OFS) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 230,913 shares, a growth of 26.9% from the February 26th total of 182,001 shares. Based on an average trading volume of 100,315 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On OFS Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of OFS Capital by 16.9% in the third quarter. International Assets Investment Management LLC now owns 168,003 shares of the investment management company’s stock worth $1,418,000 after buying an additional 24,264 shares during the last quarter. Two Sigma Investments LP raised its position in OFS Capital by 5.8% during the third quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock valued at $930,000 after acquiring an additional 6,636 shares in the last quarter. Virtus Investment Advisers LLC lifted its holdings in OFS Capital by 24.0% in the fourth quarter. Virtus Investment Advisers LLC now owns 82,221 shares of the investment management company’s stock valued at $391,000 after acquiring an additional 15,935 shares during the period. Marshall Wace LLP purchased a new stake in OFS Capital in the 4th quarter worth approximately $377,000. Finally, Squarepoint Ops LLC purchased a new stake in OFS Capital in the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 10.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.00.

OFS Capital Stock Performance

OFS traded up $0.07 during trading on Monday, reaching $3.26. 34,706 shares of the company’s stock were exchanged, compared to its average volume of 101,598. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.02 and a quick ratio of 0.02. OFS Capital has a 1 year low of $2.72 and a 1 year high of $9.52. The company’s fifty day simple moving average is $4.09 and its 200-day simple moving average is $5.34. The stock has a market capitalization of $43.68 million, a P/E ratio of -1.32 and a beta of 0.86.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings data on Monday, March 2nd. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). OFS Capital had a negative net margin of 81.33% and a positive return on equity of 8.75%. The business had revenue of ($9.10) million during the quarter, compared to analysts’ expectations of $10.50 million. As a group, research analysts predict that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 20.9%. The ex-dividend date of this dividend is Friday, March 20th. OFS Capital’s dividend payout ratio (DPR) is currently -27.53%.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.