Short Interest in OFS Capital Co. (NASDAQ:OFS) Rises By 17.1%

OFS Capital Co. (NASDAQ:OFS) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 46,500 shares, a growth of 17.1% from the February 13th total of 39,700 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 55,700 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut OFS Capital from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th.

OFS Capital Stock Down 0.3 %

NASDAQ:OFS opened at $9.60 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $128.64 million, a P/E ratio of -106.65 and a beta of 1.76. OFS Capital has a fifty-two week low of $7.75 and a fifty-two week high of $10.14. The firm has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $8.31.

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

OFS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.17%. The ex-dividend date is Friday, March 21st. OFS Capital’s dividend payout ratio is currently 64.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OFS. Bank of America Corp DE boosted its holdings in OFS Capital by 245.3% in the fourth quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after purchasing an additional 5,029 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of OFS Capital by 7.7% during the 4th quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock valued at $713,000 after buying an additional 6,332 shares during the period. Virtus ETF Advisers LLC boosted its stake in shares of 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 worth $519,000 after buying an additional 8,784 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of OFS Capital in the third quarter worth $115,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 15,109 shares during the last quarter. 10.81% of the stock is owned by institutional investors.

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.