OFS Capital Corp (OFS) Given Average Recommendation of “Buy” by Brokerages

Shares of OFS Capital Corp (NASDAQ:OFS) have been given an average rating of “Buy” by the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.67.

A number of research firms have commented on OFS. Zacks Investment Research cut shares of OFS Capital from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of OFS Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, National Securities reduced their price target on shares of OFS Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 6th.

OFS Capital (NASDAQ:OFS) traded down $0.07 during midday trading on Friday, reaching $11.99. 46,929 shares of the company’s stock were exchanged, compared to its average volume of 39,600. 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 current ratio of 18.38 and a quick ratio of 18.38. The firm has a market capitalization of $159.88, a PE ratio of 13.18 and a beta of 0.48.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.36 annualized dividend and a dividend yield of 11.34%. OFS Capital’s dividend payout ratio is presently 149.45%.

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of OFS Capital during the second quarter worth about $290,000. Ladenburg Thalmann Financial Services Inc. lifted its position 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 stake in shares of OFS Capital during the second quarter worth about $545,000. Janney Montgomery Scott LLC lifted its position 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 position 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 currently owned by institutional investors and hedge funds.

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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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