Zacks: OFS Capital Corp. (NASDAQ:OFS) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of OFS Capital Corp. (NASDAQ:OFS) have been given an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has given a hold rating and one has given a strong buy rating to the company.
Analysts have set a twelve-month consensus price target of $13.75 for the company and are expecting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned OFS Capital Corp. an industry rank of 226 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of OFS Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. National Securities reissued a “buy” rating and set a $15.00 price objective on shares of OFS Capital Corp. in a research report on Monday, August 8th.
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OFS Capital Corp. (NASDAQ:OFS) remained flat at $13.61 on Friday. 11,201 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.29. OFS Capital Corp. has a one year low of $9.98 and a one year high of $14.25.
OFS Capital Corp. (NASDAQ:OFS) last issued its earnings results on Friday, August 5th. The investment management company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. OFS Capital Corp. had a net margin of 44.30% and a return on equity of 10.67%. On average, equities research analysts expect that OFS Capital Corp. will post $1.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date of this dividend was Wednesday, September 14th. OFS Capital Corp.’s payout ratio is currently 91.89%.
A number of hedge funds and other institutional investors have recently modified their holdings of OFS. Hillsdale Investment Management Inc. increased its position in shares of OFS Capital Corp. by 110.7% in the second quarter. Hillsdale Investment Management Inc. now owns 64,700 shares of the investment management company’s stock worth $832,000 after buying an additional 34,000 shares during the last quarter. Eagle Global Advisors LLC increased its stake in OFS Capital Corp. by 29.9% in the second quarter. Eagle Global Advisors LLC now owns 51,131 shares of the investment management company’s stock worth $657,000 after buying an additional 11,770 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in OFS Capital Corp. by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 86,877 shares of the investment management company’s stock worth $997,000 after buying an additional 3,143 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in OFS Capital Corp. by 238.9% in the second quarter. Freestone Capital Holdings LLC now owns 138,411 shares of the investment management company’s stock worth $1,779,000 after buying an additional 97,573 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its stake in OFS Capital Corp. by 110.7% in the second quarter. Buckhead Capital Management LLC now owns 46,990 shares of the investment management company’s stock worth $604,000 after buying an additional 24,690 shares in the last quarter. 22.11% of the stock is currently owned by institutional investors and hedge funds.
About OFS Capital Corp.
OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.
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