OFS Capital Co. (NASDAQ:OFS) Short Interest Update

OFS Capital Co. (NASDAQ:OFS) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 58,400 shares, a decline of 24.0% from the October 15th total of 76,800 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 65,800 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On OFS Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of OFS Capital by 783.4% during 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 in the last quarter. Arkadios Wealth Advisors raised its stake in shares of OFS Capital by 80.6% during the second quarter. Arkadios Wealth Advisors now owns 76,386 shares of the investment management company’s stock valued at $678,000 after acquiring an additional 34,083 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of OFS Capital by 6.2% during the first quarter. Advisors Asset Management Inc. now owns 287,580 shares of the investment management company’s stock valued at $2,856,000 after acquiring an additional 16,748 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of OFS Capital during the second quarter valued at about $114,000. Institutional investors and hedge funds own 10.81% of the company’s stock.

OFS Capital Stock Performance

Shares of OFS Capital stock remained flat at $8.02 during trading on Friday. The stock had a trading volume of 41,541 shares, compared to its average volume of 52,301. OFS Capital has a 12 month low of $7.75 and a 12 month high of $12.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day simple moving average is $8.24 and its two-hundred day simple moving average is $8.72.

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

OFS Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.34 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.36 annualized dividend and a dividend yield of 16.96%. OFS Capital’s dividend payout ratio is presently -1,510.94%.

OFS Capital Company Profile

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.