OFS Capital (NASDAQ:OFS) Raised to Sell at ValuEngine

ValuEngine upgraded shares of OFS Capital (NASDAQ:OFS) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

OFS has been the subject of several other research reports. Zacks Investment Research raised shares of OFS Capital from a sell rating to a hold rating in a report on Thursday, April 16th. TheStreet cut shares of OFS Capital from a c rating to a d rating in a research note on Friday, May 22nd. Finally, Janney Montgomery Scott cut shares of OFS Capital from a buy rating to a neutral rating and set a $6.00 price objective on the stock. in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. OFS Capital currently has an average rating of Hold and a consensus target price of $10.33.

NASDAQ OFS opened at $4.53 on Thursday. The firm has a market capitalization of $60.67 million, a price-to-earnings ratio of -2.29 and a beta of 1.33. The company’s 50 day moving average price is $4.80 and its 200 day moving average price is $7.58. OFS Capital has a one year low of $3.39 and a one year high of $12.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.05 and a current ratio of 0.05.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Friday, May 8th. The investment management company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $12.87 million during the quarter, compared to the consensus estimate of $13.28 million. OFS Capital had a positive return on equity of 11.40% and a negative net margin of 49.65%. Sell-side analysts forecast that OFS Capital will post 0.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 15.01%. OFS Capital’s payout ratio is currently 47.55%.

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in OFS Capital during the fourth quarter worth approximately $25,000. Confluence Investment Management LLC boosted its position in OFS Capital by 0.4% during the first quarter. Confluence Investment Management LLC now owns 558,547 shares of the investment management company’s stock worth $2,273,000 after purchasing an additional 2,274 shares during the period. Sigma Planning Corp boosted its position in OFS Capital by 21.8% during the first quarter. Sigma Planning Corp now owns 28,946 shares of the investment management company’s stock worth $118,000 after purchasing an additional 5,179 shares during the period. Virtus ETF Advisers LLC boosted its position in OFS Capital by 3.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 182,793 shares of the investment management company’s stock worth $2,042,000 after purchasing an additional 5,661 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in OFS Capital by 25.8% during the first quarter. JPMorgan Chase & Co. now owns 28,475 shares of the investment management company’s stock worth $116,000 after purchasing an additional 5,845 shares during the period. 15.58% of the stock is 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 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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