OFS Capital Co. (NASDAQ:OFS) Short Interest Update

OFS Capital Co. (NASDAQ:OFS) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 57,500 shares, an increase of 18.6% from the August 31st total of 48,500 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 69,800 shares, the days-to-cover ratio is presently 0.8 days.

OFS Capital Stock Up 2.2 %

OFS Capital stock traded up $0.18 during midday trading on Monday, hitting $8.45. 84,386 shares of the stock were exchanged, compared to its average volume of 53,771. OFS Capital has a 52-week low of $7.75 and a 52-week high of $12.41. The stock has a market capitalization of $113.21 million, a price-to-earnings ratio of -8.41 and a beta of 1.77. The business’s 50-day moving average price is $8.29 and its 200-day moving average price is $9.10. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.45.

OFS Capital (NASDAQ:OFS) last released its earnings results on Thursday, August 1st. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The company had revenue of $11.17 million during the quarter, compared to analysts’ expectations of $11.78 million. OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, research analysts expect that OFS Capital will post 1.17 EPS for the current fiscal year.

OFS Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.09%. The ex-dividend date is Friday, September 20th. OFS Capital’s payout ratio is currently -137.37%.

Institutional Trading of OFS Capital

A number of institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of OFS Capital during the 2nd quarter valued at approximately $114,000. Arkadios Wealth Advisors lifted its stake in OFS Capital by 80.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company’s stock worth $678,000 after purchasing an additional 34,083 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in OFS Capital by 6.2% in the 1st quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock worth $2,856,000 after purchasing an additional 16,748 shares in the last quarter. International Assets Investment Management LLC lifted its stake in OFS Capital by 4.8% in the 1st quarter. International Assets Investment Management LLC now owns 170,053 shares of the investment management company’s stock worth $1,689,000 after purchasing an additional 7,850 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in OFS Capital in the 1st quarter worth approximately $973,000. 10.81% of the stock is currently owned by hedge funds and other institutional investors.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.