OFS Capital (NASDAQ:OFS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

OFS Capital Co. (NASDAQ:OFS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.35 and traded as low as $8.20. OFS Capital shares last traded at $8.32, with a volume of 36,839 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded OFS Capital from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th.

OFS Capital Stock Down 1.4 %

The firm has a market capitalization of $111.49 million, a price-to-earnings ratio of -92.43 and a beta of 1.29. The business’s fifty day moving average price is $8.72 and its 200 day moving average price is $8.35. 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 (NASDAQ:OFS) last announced its earnings results on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $11.65 million during the quarter, compared to analysts’ expectations of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. On average, equities analysts expect that OFS Capital Co. will post 1.17 EPS for the current year.

OFS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 16.35%. The ex-dividend date was Friday, March 21st. OFS Capital’s payout ratio is currently 64.15%.

Hedge Funds Weigh In On OFS Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of OFS Capital in the 3rd quarter worth $115,000. Arkadios Wealth Advisors boosted its holdings in OFS Capital by 7.7% in the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after purchasing an additional 6,332 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in OFS Capital by 44.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock worth $396,000 after purchasing an additional 15,109 shares during the period. Trexquant Investment LP raised its stake in shares of OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after buying an additional 16,327 shares in the last quarter. Finally, Virtus ETF Advisers LLC boosted its stake in shares of OFS Capital by 15.8% in the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock valued at $519,000 after buying an additional 8,784 shares in the last quarter. 10.81% of the stock is currently owned by hedge funds and other institutional investors.

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.