OFS Capital (NASDAQ:OFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “OFS Capital Corporation is a closed-end, non-diversified management investment company. It is engaged in providing capital to North American middle market companies. Its investment objective is to provide its stockholders with both current income and capital appreciation primarily through debt investments and equity investments in asset classes including senior secured, unitranche, second-lien and mezzanine loans. “

A number of other equities analysts have also recently weighed in on the company. ValuEngine cut OFS Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. National Securities cut their price target on OFS Capital from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. OFS Capital presently has an average rating of “Buy” and a consensus target price of $14.67.

Shares of OFS Capital (OFS) traded up $0.08 during mid-day trading on Wednesday, reaching $11.98. The company had a trading volume of 44,000 shares, compared to its average volume of 68,300. The firm has a market capitalization of $158.68, a PE ratio of 13.02 and a beta of 0.43. OFS Capital has a 52-week low of $11.80 and a 52-week high of $15.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 18.38 and a current ratio of 18.38.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Friday, November 3rd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $9.12 million during the quarter, compared to analysts’ expectations of $8.77 million. OFS Capital had a return on equity of 9.43% and a net margin of 25.74%. sell-side analysts anticipate that OFS Capital will post 1.31 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of OFS Capital during the second quarter worth about $290,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of OFS Capital by 107.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 38,080 shares of the investment management company’s stock worth $501,000 after purchasing an additional 19,750 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of OFS Capital during the second quarter worth about $545,000. Janney Montgomery Scott LLC lifted its stake in shares of OFS Capital by 8.9% during the third quarter. Janney Montgomery Scott LLC now owns 141,339 shares of the investment management company’s stock worth $1,861,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of OFS Capital by 16.9% during the second quarter. Punch & Associates Investment Management Inc. now owns 244,750 shares of the investment management company’s stock worth $3,502,000 after purchasing an additional 35,372 shares in the last quarter. 28.10% of the stock is owned by hedge funds and other institutional investors.

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About OFS Capital

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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