OFS Capital Corp. Lowered to “Underweight” at UBS AG (OFS)
OFS Capital Corp. (NASDAQ:OFS) was downgraded by stock analysts at UBS AG from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, American Banking & Market News reports. The analysts noted that the move was a valuation call.
OFS has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of OFS Capital Corp. from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday. They now have a $14.00 price target on the stock. Analysts at Zacks downgraded shares of OFS Capital Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $12.20 price target on the stock. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. OFS Capital Corp. has a consensus rating of “Sell” and a consensus price target of $14.07.
Shares of OFS Capital Corp. (NASDAQ:OFS) traded up 1.16% during mid-day trading on Tuesday, hitting $13.13. The stock had a trading volume of 35,221 shares. OFS Capital Corp. has a 1-year low of $11.05 and a 1-year high of $14.90. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $12.29.
OFS Capital Corp. (NASDAQ:OFS) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.04. On average, analysts predict that OFS Capital Corp. will post $0.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of 0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend is Wednesday, January 29th.
OFS Capital Corporation, formerly OFS Capital, LLC (NASDAQ:OFS), is an externally managed, closed-end, non-diversified management investment company.
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