OFS Capital (NASDAQ:OFS) Lowered to Buy Rating by StockNews.com

OFS Capital (NASDAQ:OFS) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

OFS Capital Price Performance

Shares of NASDAQ:OFS opened at $9.34 on Thursday. The business’s 50 day simple moving average is $8.30 and its 200-day simple moving average is $8.26. The firm has a market capitalization of $125.16 million, a price-to-earnings ratio of -103.77 and a beta of 1.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. OFS Capital has a 12 month low of $7.75 and a 12 month high of $10.15.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. The business had revenue of $11.65 million for the quarter, compared to analyst estimates of $10.30 million. As a group, equities analysts forecast that OFS Capital will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OFS Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its stake in OFS Capital by 16.3% in the 4th quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company’s stock valued at $1,608,000 after buying an additional 27,900 shares in the last quarter. Bulldog Investors LLP purchased a new stake in OFS Capital in the 4th quarter valued at approximately $916,000. Arkadios Wealth Advisors lifted its stake 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 buying an additional 6,332 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in 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 buying an additional 8,784 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake in 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 buying an additional 16,327 shares in the last quarter. Hedge funds and other institutional investors own 10.81% of the company’s stock.

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.