OFS Capital (NASDAQ:OFS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of OFS Capital (NASDAQ:OFS) from a sell rating to a hold rating in a research report report published on Sunday.

OFS Capital Price Performance

Shares of NASDAQ:OFS opened at $3.51 on Friday. The firm’s 50 day moving average price is $3.64 and its 200 day moving average price is $4.43. The stock has a market cap of $47.03 million, a price-to-earnings ratio of -1.26 and a beta of 0.92. OFS Capital has a fifty-two week low of $2.72 and a fifty-two week high of $9.31. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.49.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, April 30th. The investment management company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $3.57 million during the quarter, compared to analyst estimates of $9.45 million. OFS Capital had a negative net margin of 95.15% and a positive return on equity of 8.74%.

OFS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Friday, June 19th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a yield of 19.4%. OFS Capital’s dividend payout ratio (DPR) is -24.37%.

Institutional Trading of OFS Capital

Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in 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 valued at $1,418,000 after purchasing an additional 24,264 shares in the last quarter. Two Sigma Investments LP boosted its holdings in OFS Capital by 5.8% in the third quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock valued at $930,000 after purchasing an additional 6,636 shares in the last quarter. Virtus Investment Advisers LLC boosted 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 purchasing an additional 15,935 shares in the last quarter. Marshall Wace LLP acquired a new position in OFS Capital in the fourth quarter valued at approximately $377,000. Finally, Squarepoint Ops LLC acquired a new position in OFS Capital in the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 10.81% of the company’s stock.

About OFS Capital

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.