OFS Capital Corporation (NASDAQ:OFS) Short Interest Update

OFS Capital Corporation (NASDAQ:OFS) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 169,785 shares, a drop of 14.4% from the January 15th total of 198,298 shares. Based on an average daily trading volume, of 68,778 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily trading volume, of 68,778 shares, the days-to-cover ratio is currently 2.5 days.

OFS Capital Trading Up 0.2%

Shares of OFS stock traded up $0.01 during trading hours on Tuesday, hitting $4.16. The company had a trading volume of 150,543 shares, compared to its average volume of 78,918. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $55.74 million, a PE ratio of 17.33 and a beta of 0.85. The company’s fifty day moving average is $4.78 and its 200 day moving average is $6.30. OFS Capital has a fifty-two week low of $3.99 and a fifty-two week high of $9.80.

Institutional Trading of OFS Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in OFS Capital by 5.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,166 shares of the investment management company’s stock valued at $533,000 after buying an additional 3,105 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of OFS Capital by 53.3% in the 4th quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 4,000 shares during the period. Bank of America Corp DE raised its position in OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock valued at $57,000 after purchasing an additional 5,029 shares during the last quarter. Two Sigma Investments LP boosted its stake in OFS Capital by 5.8% during the 3rd quarter. Two Sigma Investments LP now owns 120,908 shares of the investment management company’s stock worth $930,000 after purchasing an additional 6,636 shares during the period. Finally, Jane Street Group LLC purchased a new position in OFS Capital during the 4th quarter worth $66,000. 10.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OFS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Noble Financial assumed coverage on OFS Capital in a research report on Tuesday, November 4th. They issued a “neutral” rating for the company. Loop Capital set a $7.00 target price on OFS Capital in a research note on Tuesday, November 4th. Capital One Financial set a $7.00 price target on OFS Capital in a research note on Tuesday, November 4th. Finally, Weiss Ratings downgraded OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $7.00.

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.