Insider Buying: OFS Capital Corp. CEO Purchases 2,700 Shares of Stock (OFS)
OFS Capital Corp. (NASDAQ:OFS) CEO Glenn R. Pittson purchased 2,700 shares of the stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $12.58 per share, for a total transaction of $33,966.00. Following the completion of the transaction, the chief executive officer now directly owns 44,966 shares in the company, valued at approximately $565,672. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on OFS. Analysts at Zacks downgraded shares of OFS Capital Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 17th. They now have a $14.00 price target on the stock.
OFS Capital Corp. (NASDAQ:OFS) traded down 0.31% on Tuesday, hitting $12.68. 10,826 shares of the company’s stock traded hands. OFS Capital Corp. has a 1-year low of $11.05 and a 1-year high of $13.40. The stock’s 50-day moving average is $12.59 and its 200-day moving average is $12.56.
OFS Capital Corp. (NASDAQ:OFS) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.03. Analysts expect that OFS Capital Corp. will post $1.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date of this dividend is Thursday, June 12th.
OFS Capital Corporation, formerly OFS Capital, LLC (NASDAQ:OFS), is an externally managed, closed-end, non-diversified management investment company.
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