OFS Capital Corporation (OFS) Given Average Recommendation of “Hold” by Brokerages
OFS Capital Corporation (NASDAQ:OFS) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $14.25.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of OFS Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. National Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of OFS Capital Corporation in a report on Monday, August 7th. Finally, Robert W. Baird lowered shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $13.00 in a report on Monday, August 7th.
Shares of OFS Capital Corporation (OFS) opened at 12.95 on Friday. OFS Capital Corporation has a one year low of $12.25 and a one year high of $15.23. The company’s 50-day moving average price is $13.76 and its 200-day moving average price is $14.22.
OFS Capital Corporation (NASDAQ:OFS) last announced its quarterly earnings data on Friday, August 4th. The investment management company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $7.98 million for the quarter, compared to analyst estimates of $8.53 million. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. Analysts expect that OFS Capital Corporation will post $1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 10.50%. The ex-dividend date is Thursday, September 14th. OFS Capital Corporation’s payout ratio is 125.93%.
Several hedge funds and other institutional investors have recently modified their holdings of OFS. Yakira Capital Management Inc. purchased a new position in shares of OFS Capital Corporation during the first quarter worth $710,000. Muzinich & Co. Inc. purchased a new position in shares of OFS Capital Corporation during the first quarter worth $1,731,000. Mckinley Capital Management LLC Delaware increased its position in shares of OFS Capital Corporation by 306.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 144,713 shares of the investment management company’s stock worth $2,053,000 after buying an additional 109,119 shares during the period. Silver Capital Management LLC increased its position in shares of OFS Capital Corporation by 39.2% in the first quarter. Silver Capital Management LLC now owns 55,887 shares of the investment management company’s stock worth $794,000 after buying an additional 15,750 shares during the period. Finally, Oxford Asset Management purchased a new position in shares of OFS Capital Corporation during the first quarter worth $370,000. Institutional investors and hedge funds own 25.61% of the company’s stock.
OFS Capital Corporation 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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