OFS Capital (NASDAQ:OFS) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other brokerages have also recently commented on OFS. National Securities reaffirmed a “buy” rating and issued a $16.00 target price on shares of OFS Capital in a report on Monday, August 7th. Robert W. Baird cut shares of OFS Capital from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $13.00 in a research note on Monday, August 7th. Finally, Zacks Investment Research cut shares of OFS Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.67.

Shares of OFS Capital (NASDAQ:OFS) traded up $0.09 during trading on Friday, hitting $12.25. 49,458 shares of the stock were exchanged, compared to its average volume of 52,166. The firm has a market cap of $162.15, a PE ratio of 8.75 and a beta of 0.44. OFS Capital has a fifty-two week low of $11.80 and a fifty-two week high of $15.23. The company has a quick ratio of 18.38, a current ratio of 18.38 and a debt-to-equity ratio of 0.87.

OFS Capital (NASDAQ:OFS) last announced its earnings results on Friday, November 3rd. The investment management company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $9.12 million for the quarter, compared to analysts’ expectations of $8.77 million. OFS Capital had a net margin of 25.74% and a return on equity of 9.43%. equities analysts expect that OFS Capital will post 1.31 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in OFS. Arrowstreet Capital Limited Partnership acquired a new position in OFS Capital in the 2nd quarter valued at $290,000. Shikiar Asset Management Inc. increased its stake in OFS Capital by 24.8% in the 2nd quarter. Shikiar Asset Management Inc. now owns 24,950 shares of the investment management company’s stock valued at $357,000 after buying an additional 4,950 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in OFS Capital by 107.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 38,080 shares of the investment management company’s stock valued at $501,000 after buying an additional 19,750 shares during the period. JPMorgan Chase & Co. acquired a new position in OFS Capital in the 2nd quarter valued at $545,000. Finally, Goldman Sachs Group Inc. increased its stake in OFS Capital by 39.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,723 shares of the investment management company’s stock valued at $606,000 after buying an additional 12,101 shares during the period. 28.23% of the stock is currently owned by institutional investors.

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OFS Capital 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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