Insider Buying: Glenn R. Pittson Acquires 22,965 Shares of OFS Capital Corp Stock (OFS)
OFS Capital Corp (NASDAQ:OFS) Director Glenn R. Pittson purchased 22,965 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $12.75 per share, with a total value of $292,803.75. Following the completion of the acquisition, the director now directly owns 80,031 shares of the company’s stock, valued at approximately $1,020,395. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of OFS Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, August 11th. They now have a $14.00 price target on the stock.
OFS Capital Corp (NASDAQ:OFS) traded up 1.11% on Thursday, hitting $12.70. The stock had a trading volume of 11,952 shares. OFS Capital Corp has a 52 week low of $11.51 and a 52 week high of $13.40. The stock’s 50-day moving average is $12.62 and its 200-day moving average is $12.63.
OFS Capital Corp (NASDAQ:OFS) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.05. Analysts expect that OFS Capital Corp will post $0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.71%. The ex-dividend date is Friday, September 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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