OFS Capital Co. (NASDAQ:OFS) Sees Large Decline in Short Interest

OFS Capital Co. (NASDAQ:OFS) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 39,700 shares, a decrease of 35.6% from the January 31st total of 61,600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 49,800 shares, the days-to-cover ratio is currently 0.8 days.

OFS Capital Stock Performance

NASDAQ:OFS traded up $0.35 during midday trading on Tuesday, hitting $8.70. The company’s stock had a trading volume of 145,712 shares, compared to its average volume of 36,971. OFS Capital has a fifty-two week low of $7.75 and a fifty-two week high of $11.50. The firm’s 50 day moving average is $8.15 and its 200-day moving average is $8.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $116.56 million, a P/E ratio of -96.66 and a beta of 1.75.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $11.65 million for the quarter, compared to analysts’ expectations of $10.30 million. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. Equities analysts anticipate that OFS Capital will post 1.17 earnings per share for the current fiscal year.

OFS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 15.63%. OFS Capital’s payout ratio is -1,511.11%.

Institutional Investors Weigh In On OFS Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in OFS. Jane Street Group LLC acquired a new stake in OFS Capital in the 3rd quarter valued at $115,000. Arkadios Wealth Advisors grew its stake in OFS Capital by 7.7% in the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after acquiring an additional 6,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in OFS Capital by 44.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 15,109 shares during the period. Trexquant Investment LP grew its stake in OFS Capital by 36.8% in the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock valued at $490,000 after acquiring an additional 16,327 shares during the period. Finally, Virtus ETF Advisers LLC grew its stake in OFS Capital by 15.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock valued at $519,000 after acquiring an additional 8,784 shares during the period. Institutional investors and hedge funds own 10.81% of the company’s stock.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.