Muzinich & Co. Inc. Acquires 314,864 Shares of OFS Capital Corporation (OFS)
Muzinich & Co. Inc. grew its holdings in OFS Capital Corporation (NASDAQ:OFS) by 258.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 436,837 shares of the investment management company’s stock after buying an additional 314,864 shares during the quarter. OFS Capital Corporation accounts for approximately 0.5% of Muzinich & Co. Inc.’s holdings, making the stock its 28th biggest holding. Muzinich & Co. Inc.’s holdings in OFS Capital Corporation were worth $6,251,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of OFS Capital Corporation in the 2nd quarter valued at $545,000. Shikiar Asset Management Inc. raised its stake in shares of OFS Capital Corporation by 24.8% in the 2nd 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 in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of OFS Capital Corporation by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 405,810 shares of the investment management company’s stock worth $5,807,000 after purchasing an additional 13,527 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of OFS Capital Corporation by 11.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 129,839 shares of the investment management company’s stock worth $1,858,000 after purchasing an additional 13,067 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of OFS Capital Corporation by 39.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,723 shares of the investment management company’s stock worth $606,000 after purchasing an additional 12,101 shares during the last quarter. Institutional investors own 28.65% of the company’s stock.
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OFS Capital Corporation (NASDAQ:OFS) last posted its quarterly earnings results on Friday, August 4th. The investment management company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $7.98 million during the quarter, compared to the consensus estimate of $8.53 million. OFS Capital Corporation had a return on equity of 9.43% and a net margin of 31.02%.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date of this dividend is Thursday, September 14th. OFS Capital Corporation’s dividend payout ratio (DPR) is presently 125.93%.
Several equities research analysts have recently weighed in on OFS shares. National Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of OFS Capital Corporation in a report on Monday, August 7th. Zacks Investment Research raised shares of OFS Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Robert W. Baird lowered shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. OFS Capital Corporation presently has a consensus rating of “Hold” and an average price target of $14.60.
OFS Capital Corporation 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.
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