OFS Capital (NASDAQ:OFS) Releases Earnings Results, Beats Estimates By $0.05 EPS

OFS Capital (NASDAQ:OFS) released its quarterly earnings data on Monday. The investment management company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05, Zacks reports. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The company had revenue of $11.65 million during the quarter, compared to analyst estimates of $10.30 million.

OFS Capital Price Performance

OFS stock opened at $8.70 on Wednesday. The firm has a 50 day moving average of $8.15 and a 200-day moving average of $8.21. 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 $11.50. The firm has a market capitalization of $116.56 million, a P/E ratio of -96.66 and a beta of 1.75.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.63%. OFS Capital’s dividend payout ratio (DPR) is currently -1,511.11%.

Institutional Investors Weigh In On OFS Capital

A hedge fund recently raised its stake in OFS Capital stock. Bank of America Corp DE boosted its stake in OFS Capital Co. (NASDAQ:OFS) by 245.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,079 shares of the investment management company’s stock after purchasing an additional 5,029 shares during the quarter. Bank of America Corp DE owned about 0.05% of OFS Capital worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 10.81% of the stock is owned by 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.