OFS Capital (NASDAQ:OFS) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

OFS Capital Co. (NASDAQ:OFS)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.19 and traded as low as $8.07. OFS Capital shares last traded at $8.20, with a volume of 22,944 shares.

OFS Capital Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The business has a fifty day simple moving average of $8.17 and a 200 day simple moving average of $8.19. The company has a market cap of $110.82 million, a P/E ratio of -91.88 and a beta of 1.75.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OFS. Sanctuary Advisors LLC bought a new stake in shares of OFS Capital in the 2nd quarter worth approximately $114,000. Jane Street Group LLC bought a new stake in shares of OFS Capital in the 3rd quarter worth approximately $115,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of OFS Capital by 44.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock worth $396,000 after purchasing an additional 15,109 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after purchasing an additional 16,327 shares during the last quarter. Finally, Virtus ETF Advisers LLC lifted its holdings in shares of 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 worth $519,000 after purchasing an additional 8,784 shares during the last quarter. 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.