Short Interest in OFS Capital Co. (NASDAQ:OFS) Rises By 59.2%

OFS Capital Co. (NASDAQ:OFS) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 62,900 shares, a growth of 59.2% from the November 30th total of 39,500 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OFS. Sanctuary Advisors LLC purchased a new position in OFS Capital in the second quarter valued at $114,000. Jane Street Group LLC acquired a new stake in shares of OFS Capital during the 3rd quarter valued at about $115,000. Arkadios Wealth Advisors increased its stake in shares of OFS Capital by 7.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company’s stock valued at $693,000 after purchasing an additional 5,575 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in OFS Capital by 783.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,180,017 shares of the investment management company’s stock worth $9,971,000 after purchasing an additional 1,046,440 shares during the period. 10.81% of the stock is owned by institutional investors and hedge funds.

OFS Capital Stock Performance

Shares of NASDAQ OFS opened at $7.94 on Monday. The company has a 50 day simple moving average of $8.20 and a two-hundred day simple moving average of $8.40. The stock has a market cap of $106.38 million, a price-to-earnings ratio of -88.21 and a beta of 1.77. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a 12 month low of $7.75 and a 12 month high of $12.06.

OFS Capital (NASDAQ:OFS) last posted its earnings results on Thursday, October 31st. The investment management company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $10.92 million during the quarter, compared to the consensus estimate of $10.97 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, analysts predict that OFS Capital will post 1.18 earnings per share for the current year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 17.13%. The ex-dividend date is Friday, December 20th. OFS Capital’s dividend payout ratio (DPR) is -1,511.11%.

About OFS Capital

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.