OFS Capital Corp (OFS) Receives Average Rating of “Hold” from Analysts
OFS Capital Corp (NASDAQ:OFS) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.75.
OFS has been the subject of several analyst reports. Zacks Investment Research raised shares of OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Saturday, March 18th. National Securities increased their price target on shares of OFS Capital Corp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 20th. Langenberg & Company raised shares of OFS Capital Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, March 27th. Finally, Ladenburg Thalmann Financial Services raised shares of OFS Capital Corp from a “neutral” rating to a “buy” rating in a research report on Monday, March 27th.
Institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. bought a new position in shares of OFS Capital Corp during the first quarter valued at approximately $148,000. Two Sigma Securities LLC bought a new position in shares of OFS Capital Corp during the first quarter valued at approximately $188,000. Wells Fargo & Company MN raised its position in shares of OFS Capital Corp by 243.0% in the first quarter. Wells Fargo & Company MN now owns 14,929 shares of the investment management company’s stock valued at $212,000 after buying an additional 10,577 shares during the last quarter. Shikiar Asset Management Inc. bought a new position in shares of OFS Capital Corp during the first quarter valued at approximately $284,000. Finally, LSV Asset Management raised its position in shares of OFS Capital Corp by 91.1% in the first quarter. LSV Asset Management now owns 21,400 shares of the investment management company’s stock valued at $303,000 after buying an additional 10,200 shares during the last quarter. 23.53% of the stock is owned by hedge funds and other institutional investors.
Shares of OFS Capital Corp (NASDAQ:OFS) traded down 0.63% during midday trading on Tuesday, reaching $14.17. The company’s stock had a trading volume of 6,529 shares. The firm has a market capitalization of $137.45 million, a PE ratio of 9.93 and a beta of 0.46. OFS Capital Corp has a 1-year low of $11.91 and a 1-year high of $15.23. The company’s 50-day moving average price is $14.40 and its 200 day moving average price is $14.03.
OFS Capital Corp (NASDAQ:OFS) last issued its earnings results on Friday, May 5th. The investment management company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. OFS Capital Corp had a net margin of 47.80% and a return on equity of 10.40%. The company had revenue of $8.03 million for the quarter, compared to analysts’ expectations of $8.20 million. On average, equities research analysts forecast that OFS Capital Corp will post $1.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.54%. The ex-dividend date of this dividend is Wednesday, June 14th. OFS Capital Corp’s payout ratio is currently 86.08%.
OFS Capital Corp Company Profile
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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