OFS Capital (NASDAQ:OFS) Stock Price Passes Below 200-Day Moving Average – Here’s Why

OFS Capital Co. (NASDAQ:OFS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.19 and traded as low as $8.07. OFS Capital shares last traded at $8.20, with a volume of 22,944 shares trading hands.

OFS Capital Stock Performance

The company has a 50 day simple moving average of $8.18 and a 200-day simple moving average of $8.19. The stock has a market capitalization of $109.88 million, a P/E ratio of -91.10 and a beta of 1.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12.

Institutional Trading of OFS Capital

A number of institutional investors have recently added to or reduced their stakes in OFS. Sanctuary Advisors LLC bought a new stake in shares of OFS Capital during the 2nd quarter valued at about $114,000. Jane Street Group LLC purchased a new position in OFS Capital in the 3rd quarter worth $115,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of OFS Capital by 44.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 15,109 shares during the period. Trexquant Investment LP grew its stake in shares of OFS Capital by 36.8% in the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after purchasing an additional 16,327 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in OFS Capital by 7.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 81,961 shares of the investment management company’s stock worth $693,000 after purchasing an additional 5,575 shares in the last quarter. Hedge funds and other institutional investors 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.