OFS Capital Corporation (OFS) Issues Earnings Results
OFS Capital Corporation (NASDAQ:OFS) issued its quarterly earnings data on Friday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02, Bloomberg Earnings reports. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%.
OFS Capital Corporation (NASDAQ OFS) traded down $0.14 during midday trading on Friday, reaching $12.76. 35,934 shares of the company’s stock traded hands, compared to its average volume of 21,981. The firm has a market capitalization of $169.45 million, a PE ratio of 9.08 and a beta of 0.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 14.51 and a current ratio of 14.51.
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A number of research analysts have weighed in on the stock. Robert W. Baird cut shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $13.00 in a research note on Monday, August 7th. Zacks Investment Research cut shares of OFS Capital Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, National Securities restated a “buy” rating and set a $16.00 price target on shares of OFS Capital Corporation in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.25.
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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