OFS Capital Corp. (NASDAQ:OFS) has been given a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 1 year consensus price target of $13.75 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given OFS Capital Corp. an industry rank of 203 out of 265 based on the ratings given to its competitors.
OFS has been the topic of a number of research analyst reports. Zacks Investment Research cut OFS Capital Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. National Securities reissued a “buy” rating and issued a $15.00 price target on shares of OFS Capital Corp. in a research report on Monday, August 8th.
A number of hedge funds have recently bought and sold shares of OFS. Orinda Asset Management LLC acquired a new stake in OFS Capital Corp. during the second quarter valued at about $103,000. Acrospire Investment Management LLC bought a new position in shares of OFS Capital Corp. during the first quarter valued at $109,000. DIAM Co. Ltd. bought a new position in shares of OFS Capital Corp. during the second quarter valued at $128,000. GSA Capital Partners LLP bought a new position in shares of OFS Capital Corp. during the second quarter valued at $222,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of OFS Capital Corp. during the first quarter valued at $332,000. 22.11% of the stock is owned by institutional investors and hedge funds.
OFS Capital Corp. (NASDAQ:OFS) opened at 13.545 on Friday. OFS Capital Corp. has a 12-month low of $9.98 and a 12-month high of $14.25. The firm has a 50 day moving average of $13.65 and a 200 day moving average of $13.30.
OFS Capital Corp. (NASDAQ:OFS) last posted its quarterly earnings results on Friday, August 5th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. OFS Capital Corp. had a return on equity of 10.67% and a net margin of 44.30%. Equities research analysts expect that OFS Capital Corp. will post $1.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Wednesday, September 14th. OFS Capital Corp.’s payout ratio is currently 91.89%.
About OFS Capital Corp.
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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