Equities research analysts expect OFS Capital Corporation (NASDAQ:OFS) to report $8.77 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for OFS Capital Corporation’s earnings, with the lowest sales estimate coming in at $8.45 million and the highest estimate coming in at $9.09 million. OFS Capital Corporation posted sales of $7.36 million in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The business is scheduled to report its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that OFS Capital Corporation will report full year sales of $8.77 million for the current year, with estimates ranging from $33.11 million to $34.40 million. For the next year, analysts anticipate that the business will report sales of $37.57 million per share, with estimates ranging from $35.45 million to $39.68 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow OFS Capital Corporation.

OFS Capital Corporation (NASDAQ:OFS) last released its quarterly earnings results on Friday, August 4th. The investment management company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. The business had revenue of $7.98 million for the quarter, compared to analysts’ expectations of $8.53 million.

OFS has been the subject of several research reports. Zacks Investment Research lowered shares of OFS Capital Corporation from a “buy” rating to a “sell” rating in a research note on Thursday, May 11th. National Securities reissued a “buy” rating and set a $16.00 price objective on shares of OFS Capital Corporation in a research report on Tuesday, May 9th. Finally, Robert W. Baird downgraded shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $13.00 in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.60.

OFS Capital Corporation (OFS) opened at 13.26 on Wednesday. OFS Capital Corporation has a 12-month low of $12.25 and a 12-month high of $15.23. The company’s 50-day moving average is $13.97 and its 200 day moving average is $14.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 10.26%. The ex-dividend date is Thursday, September 14th. OFS Capital Corporation’s dividend payout ratio (DPR) is 125.93%.

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A number of hedge funds have recently made changes to their positions in OFS. Western Standard LLC increased its stake in shares of OFS Capital Corporation by 1.0% in the second quarter. Western Standard LLC now owns 488,074 shares of the investment management company’s stock valued at $6,984,000 after buying an additional 4,800 shares during the period. Muzinich & Co. Inc. increased its stake in shares of OFS Capital Corporation by 258.1% in the second quarter. Muzinich & Co. Inc. now owns 436,837 shares of the investment management company’s stock valued at $6,251,000 after buying an additional 314,864 shares during the period. Advisors Asset Management Inc. increased its stake in shares of OFS Capital Corporation by 3.4% in the second quarter. Advisors Asset Management Inc. now owns 405,810 shares of the investment management company’s stock valued at $5,807,000 after buying an additional 13,527 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of OFS Capital Corporation by 16.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 244,750 shares of the investment management company’s stock valued at $3,502,000 after buying an additional 35,372 shares during the period. Finally, UBS Group AG increased its stake in shares of OFS Capital Corporation by 16.2% in the first quarter. UBS Group AG now owns 204,251 shares of the investment management company’s stock valued at $2,898,000 after buying an additional 28,449 shares during the period. 25.61% of the stock is currently owned by institutional investors.

About OFS Capital Corporation

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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