OFS Capital (NASDAQ:OFS) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of OFS Capital (NASDAQ:OFS) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also issued reports on OFS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Capital in a report on Tuesday, September 1st. Zacks Research raised OFS Capital to a “hold” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.00.

OFS Capital Stock Down 3.7%

Shares of NASDAQ:OFS opened at $4.11 on Friday. The company has a 50 day moving average of $3.74 and a two-hundred day moving average of $3.64. The company has a market capitalization of $55.07 million, a price-to-earnings ratio of -2.49 and a beta of 0.86. OFS Capital has a 52-week low of $2.72 and a 52-week high of $7.39. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.33.

OFS Capital (NASDAQ:OFS) last released its earnings results on Thursday, July 30th. The investment management company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The company had revenue of $6.84 million during the quarter, compared to the consensus estimate of $7.87 million. OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%. As a group, analysts forecast that OFS Capital will post 0.40 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, September 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 16.5%. The ex-dividend date was Friday, September 18th. OFS Capital’s dividend payout ratio (DPR) is presently -41.21%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OFS Capital stock. Concorde Asset Management LLC grew its position in OFS Capital Corporation (NASDAQ:OFS) by 85.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,550 shares of the investment management company’s stock after purchasing an additional 15,450 shares during the period. Concorde Asset Management LLC owned about 0.25% of OFS Capital worth $124,000 at the end of the most recent reporting period. 10.81% of the stock is currently owned by institutional investors.

OFS Capital Company Profile

OFS Capital Corporation (NASDAQ:OFS) is a business development company that invests in privately held, primarily U.S.-based middle-market companies. The company seeks to provide financing to businesses that may have limited access to traditional sources of capital.

OFS Capital primarily invests in senior secured loans, subordinated debt and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses with experienced management teams and recurring cash flows.

OFS Capital is externally managed by OFS Capital Management, LLC, an affiliate of Orchard First Source Capital, Inc The company operates as a regulated investment company and has elected to be treated as a business development company under the Investment Company Act of 1940.