OFS Capital Corporation (NASDAQ:OFS) Short Interest Update

OFS Capital Corporation (NASDAQ:OFS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 330,198 shares, an increase of 25.8% from the March 31st total of 262,534 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 72,500 shares, the short-interest ratio is currently 4.6 days.

OFS Capital Stock Down 5.2%

Shares of OFS stock traded down $0.21 during trading hours on Friday, hitting $3.84. 143,295 shares of the company were exchanged, compared to its average volume of 58,101. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.02 and a current ratio of 0.02. OFS Capital has a one year low of $2.72 and a one year high of $9.31. The business’s 50-day simple moving average is $3.72 and its two-hundred day simple moving average is $4.68. The stock has a market capitalization of $51.46 million, a price-to-earnings ratio of -1.55 and a beta of 0.92.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Thursday, April 30th. The investment management company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). OFS Capital had a positive return on equity of 8.32% and a negative net margin of 95.15%.The company had revenue of $3.57 million for the quarter, compared to the consensus estimate of $9.45 million.

OFS Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Friday, June 19th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 17.7%. OFS Capital’s dividend payout ratio (DPR) is presently -27.53%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of OFS Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $7.00.

Hedge Funds Weigh In On OFS Capital

Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of OFS Capital by 245.3% during the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after purchasing an additional 5,029 shares during the last quarter. Royal Bank of Canada lifted its holdings in OFS Capital by 53.3% in the fourth quarter. Royal Bank of Canada now owns 11,500 shares of the investment management company’s stock worth $55,000 after acquiring an additional 4,000 shares during the last quarter. Jane Street Group LLC bought a new position in OFS Capital in the fourth quarter worth about $66,000. Squarepoint Ops LLC bought a new position in OFS Capital in the fourth quarter worth about $202,000. Finally, Marshall Wace LLP bought a new position in OFS Capital in the fourth quarter worth about $377,000. 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.