OFS Capital (NASDAQ:OFS) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of OFS Capital (NASDAQ:OFS) from a hold rating to a sell rating in a research note issued to investors on Saturday.

OFS Capital Trading Down 0.3%

NASDAQ:OFS opened at $3.89 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.04 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $3.71 and its two-hundred day moving average is $4.57. OFS Capital has a 52 week low of $2.72 and a 52 week high of $9.31. The company has a market cap of $52.12 million, a PE ratio of -1.39 and a beta of 0.92.

OFS Capital (NASDAQ:OFS) last released its earnings results on Thursday, April 30th. The investment management company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $3.57 million for the quarter, compared to the consensus estimate of $9.45 million. OFS Capital had a positive return on equity of 8.74% and a negative net margin of 95.15%.

OFS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Friday, June 19th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 17.5%. OFS Capital’s dividend payout ratio (DPR) is -24.37%.

Institutional Trading of OFS Capital

Several hedge funds have recently made changes to their positions in the stock. Virtus Investment Advisers LLC lifted its holdings in shares of OFS Capital by 24.0% in the 4th quarter. Virtus Investment Advisers LLC now owns 82,221 shares of the investment management company’s stock worth $391,000 after purchasing an additional 15,935 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of OFS Capital by 53.3% in the 4th quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock worth $55,000 after purchasing an additional 4,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of OFS Capital in the 4th quarter worth approximately $202,000. Marshall Wace LLP bought a new stake in shares of OFS Capital in the 4th quarter worth approximately $377,000. Finally, Jane Street Group LLC bought a new stake in shares of OFS Capital in the 4th quarter worth approximately $66,000. Institutional investors own 10.81% of the company’s stock.

About OFS Capital

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.