OFS Capital (NASDAQ:OFS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Posted by Lauren Steadman on Feb 6th, 2025

OFS Capital Co. (NASDAQ:OFS – Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.21 and traded as low as $8.05. OFS Capital shares last traded at $8.13, with a volume of 26,211 shares changing hands.

OFS Capital Trading Up 0.9 %

The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $108.93 million, a P/E ratio of -90.32 and a beta of 1.75. The business has a fifty day moving average price of $8.20 and a 200 day moving average price of $8.21.

Hedge Funds Weigh In On OFS Capital

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

About OFS Capital

(Get Free Report)

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.