OFS Capital Co. (NASDAQ:OFS) Sees Significant Increase in Short Interest

OFS Capital Co. (NASDAQ:OFS) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 46,500 shares, a growth of 17.1% from the February 13th total of 39,700 shares. Based on an average daily trading volume, of 55,700 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On OFS Capital

A number of large investors have recently added to or reduced their stakes in OFS. Jane Street Group LLC bought a new position in OFS Capital during the 3rd quarter worth about $115,000. Arkadios Wealth Advisors grew its holdings in shares of 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 acquiring an additional 6,332 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of OFS Capital by 44.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 15,109 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after acquiring an additional 16,327 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its holdings in shares of OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock valued at $519,000 after acquiring an additional 8,784 shares in the last quarter. Institutional investors own 10.81% of the company’s stock.

OFS Capital Trading Down 0.3 %

OFS Capital stock traded down $0.03 during mid-day trading on Thursday, hitting $9.61. 119,901 shares of the company’s stock were exchanged, compared to its average volume of 55,080. The company’s 50 day simple moving average is $8.41 and its 200-day simple moving average is $8.30. The firm has a market capitalization of $128.71 million, a P/E ratio of -106.71 and a beta of 1.76. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55. OFS Capital has a fifty-two week low of $7.75 and a fifty-two week high of $10.14.

OFS Capital (NASDAQ:OFS) last released its earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $11.65 million during the quarter, compared to analysts’ expectations of $10.30 million. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. On average, equities analysts anticipate that OFS Capital will post 1.17 earnings per share for the current year.

OFS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 14.16%. The ex-dividend date is Friday, March 21st. OFS Capital’s dividend payout ratio (DPR) is presently 64.15%.

Analysts Set New Price Targets

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

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.