Short Interest in OFS Capital Corp (NASDAQ:OFS) Drops By 35.9%

OFS Capital Corp (NASDAQ:OFS) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 18,000 shares, a decrease of 35.9% from the June 30th total of 28,100 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 43,700 shares, the short-interest ratio is currently 0.4 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of OFS. Acadian Asset Management LLC grew its stake in OFS Capital by 15.3% in the 2nd quarter. Acadian Asset Management LLC now owns 15,804 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,100 shares during the last quarter. BB&T Securities LLC grew its stake in OFS Capital by 9.3% in the 2nd quarter. BB&T Securities LLC now owns 443,496 shares of the investment management company’s stock valued at $5,321,000 after acquiring an additional 37,916 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its stake in OFS Capital by 3.8% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 97,155 shares of the investment management company’s stock valued at $1,166,000 after acquiring an additional 3,556 shares during the last quarter. Advisor Group Inc. grew its stake in OFS Capital by 380.7% in the 2nd quarter. Advisor Group Inc. now owns 4,807 shares of the investment management company’s stock valued at $58,000 after acquiring an additional 3,807 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in OFS Capital by 19.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 75,564 shares of the investment management company’s stock valued at $888,000 after acquiring an additional 12,427 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

OFS has been the topic of several recent analyst reports. National Securities reiterated a “buy” rating and set a $15.00 price objective on shares of OFS Capital in a report on Monday, May 6th. ValuEngine lowered shares of OFS Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. LADENBURG THALM/SH SH upgraded shares of OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, August 5th. Finally, Zacks Investment Research lowered shares of OFS Capital from a “buy” rating to a “sell” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.67.

NASDAQ OFS traded down $0.13 during mid-day trading on Monday, hitting $11.21. The company’s stock had a trading volume of 23,208 shares, compared to its average volume of 49,863. OFS Capital has a 52-week low of $9.53 and a 52-week high of $12.81. The company has a fifty day moving average price of $11.62. The company has a quick ratio of 0.19, a current ratio of 0.16 and a debt-to-equity ratio of 1.32. The stock has a market cap of $149.81 million, a price-to-earnings ratio of 8.12 and a beta of 0.65.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Friday, August 2nd. The investment management company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. OFS Capital had a net margin of 16.74% and a return on equity of 11.16%. The firm had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.40 million. As a group, research analysts anticipate that OFS Capital will post 1.44 earnings per share for the current year.

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 does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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