OFS Capital (NASDAQ:OFS – Get Free Report) announced its earnings results on Thursday. The investment management company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Zacks reports. OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%. The business had revenue of $5.94 million during the quarter, compared to analysts’ expectations of $6.59 million.
OFS Capital Trading Down 10.7%
Shares of OFS Capital stock traded down $0.43 during trading on Friday, hitting $3.58. The stock had a trading volume of 68,882 shares, compared to its average volume of 78,405. The stock has a market cap of $47.99 million, a PE ratio of -2.17 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.04 and a quick ratio of 0.04. OFS Capital has a 12 month low of $2.72 and a 12 month high of $6.53. The firm’s fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.81.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Zacks Research raised shares of OFS Capital to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised OFS Capital to a “hold” rating in a report on Saturday, October 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Capital in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $7.00.
Check Out Our Latest Stock Analysis on OFS
About OFS Capital
OFS Capital Corporation (NASDAQ:OFS) is a business development company that provides financing to privately owned U.S. companies. The company primarily invests in lower middle-market businesses, which are generally companies that may have limited access to traditional bank financing or public capital markets.
OFS Capital’s investment activities focus on providing secured loans, subordinated debt and, to a lesser extent, equity investments. Its financing may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate activities.
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