Insider Buying: OFS Capital Corp. CEO Buys 12,100 Shares of Stock (OFS)
OFS Capital Corp. (NASDAQ:OFS) CEO Glenn R. Pittson bought 12,100 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $12.75 per share, with a total value of $154,275.00. Following the purchase, the chief executive officer now directly owns 57,066 shares in the company, valued at approximately $727,592. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on OFS shares. 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 Thursday, hitting $12.6601. 20,014 shares of the company’s stock traded hands. OFS Capital Corp. has a 52-week low of $11.15 and a 52-week high of $13.40. The stock’s 50-day moving average is $12.58 and its 200-day moving average is $12.59.
OFS Capital Corp. (NASDAQ:OFS) last announced its earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. On average, analysts predict that OFS Capital Corp. will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders 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 10.74%. 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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