OFS Capital Corporation (NASDAQ:OFS) released its quarterly earnings data on Friday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03, Morningstar.com reports. The business had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $8.53 million. OFS Capital Corporation had a return on equity of 9.63% and a net margin of 52.47%.

Shares of OFS Capital Corporation (NASDAQ:OFS) traded down 4.01% during midday trading on Friday, reaching $13.66. 152,525 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $14.13 and its 200 day moving average is $14.36. OFS Capital Corporation has a one year low of $12.25 and a one year high of $15.23.

Large investors have recently bought and sold shares of the company. Shikiar Asset Management Inc. increased its stake in OFS Capital Corporation by 24.8% in the second quarter. Shikiar Asset Management Inc. now owns 24,950 shares of the investment management company’s stock valued at $357,000 after buying an additional 4,950 shares during the last quarter. Advisors Asset Management Inc. increased its stake in OFS Capital Corporation by 3.4% in the second quarter. Advisors Asset Management Inc. now owns 405,810 shares of the investment management company’s stock valued at $5,807,000 after buying an additional 13,527 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in OFS Capital Corporation by 11.2% in the second quarter. Janney Montgomery Scott LLC now owns 129,839 shares of the investment management company’s stock valued at $1,858,000 after buying an additional 13,067 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in OFS Capital Corporation by 39.5% in the first quarter. Goldman Sachs Group Inc. now owns 42,723 shares of the investment management company’s stock valued at $606,000 after buying an additional 12,101 shares during the last quarter. Finally, Western Standard LLC increased its stake in OFS Capital Corporation by 35.3% in the first quarter. Western Standard LLC now owns 483,274 shares of the investment management company’s stock valued at $6,858,000 after buying an additional 126,000 shares during the last quarter. Institutional investors and hedge funds own 25.48% of the company’s stock.

Several research firms recently issued reports on OFS. National Securities reaffirmed a “buy” rating and issued a $16.00 price objective on shares of OFS Capital Corporation in a research report on Tuesday, July 25th. Zacks Investment Research raised OFS Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.00.

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OFS Capital Corporation Company Profile

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.

Earnings History for OFS Capital Corporation (NASDAQ:OFS)

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